CGN Advisors LLC Boosts Holdings in Franklin Dynamic Municipal Bond ETF $FLMI
by Kim Johansen · The Markets DailyCGN Advisors LLC boosted its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 243.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,166 shares of the company’s stock after purchasing an additional 47,584 shares during the period. CGN Advisors LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $1,691,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at approximately $25,000. Rockefeller Capital Management L.P. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $42,000. BOKF NA bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth approximately $44,000. Greenline Wealth Management LLC purchased a new position in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at $52,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at $62,000.
Franklin Dynamic Municipal Bond ETF Stock Performance
NYSEARCA FLMI opened at $24.66 on Thursday. The company’s 50-day moving average price is $24.95 and its 200-day moving average price is $24.99. Franklin Dynamic Municipal Bond ETF has a 12 month low of $24.05 and a 12 month high of $25.46.
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.
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