Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Shares Purchased by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 152,487 shares of the company’s stock after buying an additional 4,473 shares during the quarter. Franklin Dynamic Municipal Bond ETF comprises approximately 1.8% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 14th largest position. ShoreHaven Wealth Partners LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $3,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 30.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 22,191 shares of the company’s stock valued at $542,000 after purchasing an additional 5,129 shares in the last quarter. Latitude Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $210,000. Essex Financial Services Inc. increased its stake in Franklin Dynamic Municipal Bond ETF by 1.8% during the 4th quarter. Essex Financial Services Inc. now owns 25,928 shares of the company’s stock worth $634,000 after buying an additional 466 shares during the period. Ocean Park Asset Management LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $2,891,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 12.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 284,843 shares of the company’s stock worth $6,960,000 after buying an additional 30,718 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA:FLMI opened at $24.56 on Friday. The firm has a 50-day moving average of $24.55 and a two-hundred day moving average of $24.70. Franklin Dynamic Municipal Bond ETF has a 1-year low of $24.06 and a 1-year high of $25.38.

About Franklin Dynamic Municipal Bond ETF

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.