Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Sees Strong Trading Volume – What’s Next?

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) shares saw unusually-strong trading volume on Wednesday . Approximately 315,951 shares were traded during mid-day trading, an increase of 107% from the previous session’s volume of 152,950 shares.The stock last traded at $23.29 and had previously closed at $23.77.

Franklin Dynamic Municipal Bond ETF Price Performance

The business has a 50-day simple moving average of $24.50 and a 200-day simple moving average of $24.61.

Hedge Funds Weigh In On Franklin Dynamic Municipal Bond ETF

Several institutional investors have recently bought and sold shares of FLMI. Comerica Bank purchased a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at approximately $76,000. EverSource Wealth Advisors LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $192,000. D.A. Davidson & CO. purchased a new position in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $207,000. Latitude Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $210,000. Finally, Acorn Wealth Advisors LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter worth about $240,000.

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.