Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Position Lowered by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC trimmed its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,929 shares of the company’s stock after selling 8,640 shares during the quarter. Franklin Dynamic Municipal Bond ETF makes up approximately 1.8% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 18th largest position. ShoreHaven Wealth Partners LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $3,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. VitalStone Financial LLC acquired a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth $30,000. CWM LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter worth about $57,000. Aspire Wealth Management Corp acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at about $175,000. Collaborative Wealth Managment Inc. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at about $241,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at about $260,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA FLMI traded up $0.01 during trading hours on Wednesday, reaching $24.34. The company’s stock had a trading volume of 45,330 shares, compared to its average volume of 53,763. The business has a 50-day simple moving average of $24.29 and a 200 day simple moving average of $23.98. Franklin Dynamic Municipal Bond ETF has a 52 week low of $22.50 and a 52 week high of $25.94.

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.