Cwm LLC Boosts Stock Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Cwm LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 592.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,007 shares of the company’s stock after purchasing an additional 8,562 shares during the quarter. Cwm LLC owned 0.12% of Franklin Dynamic Municipal Bond ETF worth $250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLMI. GAMMA Investing LLC bought a new stake in Franklin Dynamic Municipal Bond ETF in the first quarter worth $56,000. International Assets Investment Management LLC bought a new stake in Franklin Dynamic Municipal Bond ETF in the second quarter worth $204,000. RFG Advisory LLC bought a new stake in Franklin Dynamic Municipal Bond ETF in the first quarter worth $260,000. Avantax Advisory Services Inc. bought a new stake in Franklin Dynamic Municipal Bond ETF in the first quarter worth $275,000. Finally, TrueWealth Advisors LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 48.3% in the second quarter. TrueWealth Advisors LLC now owns 12,719 shares of the company’s stock worth $310,000 after buying an additional 4,143 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of FLMI opened at $24.79 on Wednesday. The business has a fifty day moving average of $24.84 and a 200 day moving average of $24.55. Franklin Dynamic Municipal Bond ETF has a 52-week low of $22.52 and a 52-week high of $25.50.

Franklin Dynamic Municipal Bond ETF Company Profile

The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.