Landmark Wealth Management LLC boosted its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Rating) by 28.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,510 shares of the company's stock after acquiring an additional 6,034 shares during the period. Landmark Wealth Management LLC's holdings in Franklin Dynamic Municipal Bond ETF were worth $643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG bought a new position in Franklin Dynamic Municipal Bond ETF during the third quarter worth about $27,000. Advisor Group Holdings Inc. boosted its holdings in Franklin Dynamic Municipal Bond ETF by 13.3% during the first quarter. Advisor Group Holdings Inc. now owns 5,075 shares of the company's stock worth $126,000 after buying an additional 596 shares during the last quarter. Private Trust Co. NA bought a new position in Franklin Dynamic Municipal Bond ETF during the second quarter worth about $153,000. Citadel Advisors LLC bought a new position in Franklin Dynamic Municipal Bond ETF during the third quarter worth about $283,000. Finally, Envestnet Asset Management Inc. bought a new position in Franklin Dynamic Municipal Bond ETF during the third quarter worth about $370,000.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI traded up $0.13 during midday trading on Wednesday, reaching $23.94. 15,573 shares of the company were exchanged, compared to its average volume of 16,408. Franklin Dynamic Municipal Bond ETF has a one year low of $22.41 and a one year high of $24.83. The stock's 50-day simple moving average is $23.82 and its 200 day simple moving average is $23.41.

Franklin Dynamic Municipal Bond ETF Profile

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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.

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