Cedar Point Capital Partners LLC Makes New Investment in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Cedar Point Capital Partners LLC purchased a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,519 shares of the company’s stock, valued at approximately $837,000. Franklin Dynamic Municipal Bond ETF makes up about 0.7% of Cedar Point Capital Partners LLC’s portfolio, making the stock its 29th largest holding. Cedar Point Capital Partners LLC owned about 0.74% of Franklin Dynamic Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of FLMI. LPL Financial LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 76.5% during the third quarter. LPL Financial LLC now owns 553,113 shares of the company’s stock worth $12,694,000 after purchasing an additional 239,775 shares in the last quarter. Central Bank & Trust Co. grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 66.0% during the fourth quarter. Central Bank & Trust Co. now owns 297,405 shares of the company’s stock worth $7,212,000 after purchasing an additional 118,200 shares in the last quarter. ShoreHaven Wealth Partners LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 77.7% during the third quarter. ShoreHaven Wealth Partners LLC now owns 133,569 shares of the company’s stock worth $3,065,000 after purchasing an additional 58,384 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 33.6% during the third quarter. Bank of New York Mellon Corp now owns 77,476 shares of the company’s stock worth $1,778,000 after purchasing an additional 19,469 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $1,731,000.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI traded up $0.01 on Friday, reaching $24.16. The company had a trading volume of 45,360 shares, compared to its average volume of 52,617. Franklin Dynamic Municipal Bond ETF has a 1 year low of $22.50 and a 1 year high of $25.94. The stock has a 50-day moving average price of $24.31 and a 200-day moving average price of $23.89.

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.