Abound Financial LLC Invests $2.87 Million in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Abound Financial LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 117,565 shares of the company’s stock, valued at approximately $2,873,000. Franklin Dynamic Municipal Bond ETF makes up approximately 1.5% of Abound Financial LLC’s investment portfolio, making the stock its 14th largest position. Abound Financial LLC owned about 1.39% of Franklin Dynamic Municipal Bond ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FLMI. D.A. Davidson & CO. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $207,000. Latitude Advisors LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth approximately $210,000. Sigma Planning Corp purchased a new stake in Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth approximately $238,000. Atria Wealth Solutions Inc. purchased a new stake in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth approximately $244,000. Finally, International Assets Investment Management LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth approximately $349,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.4 %

FLMI stock opened at $24.69 on Friday. Franklin Dynamic Municipal Bond ETF has a one year low of $24.06 and a one year high of $25.38. The company has a 50 day moving average price of $24.51 and a two-hundred day moving average price of $24.69.

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.