Ocean Park Asset Management LLC Purchases Shares of 118,300 Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Ocean Park Asset Management LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 118,300 shares of the company’s stock, valued at approximately $2,891,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,634 shares of the company’s stock worth $5,718,000 after buying an additional 18,867 shares during the last quarter. Stifel Financial Corp raised its stake in Franklin Dynamic Municipal Bond ETF by 119.1% during the 3rd quarter. Stifel Financial Corp now owns 24,434 shares of the company’s stock worth $611,000 after acquiring an additional 13,281 shares in the last quarter. Atria Investments Inc raised its stake in Franklin Dynamic Municipal Bond ETF by 13.2% during the 3rd quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock worth $423,000 after acquiring an additional 1,974 shares in the last quarter. Private Advisor Group LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 80.5% in the third quarter. Private Advisor Group LLC now owns 72,359 shares of the company’s stock valued at $1,810,000 after acquiring an additional 32,275 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Franklin Dynamic Municipal Bond ETF by 57.6% in the fourth quarter. GAMMA Investing LLC now owns 63,401 shares of the company’s stock valued at $1,549,000 after acquiring an additional 23,174 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Franklin Dynamic Municipal Bond ETF stock opened at $24.64 on Tuesday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $24.06 and a fifty-two week high of $25.38. The stock has a 50-day simple moving average of $24.57 and a 200-day simple moving average of $24.70.

Franklin Dynamic Municipal Bond ETF 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.