Prentice Wealth Management LLC Grows Position in Franklin Dynamic Municipal Bond ETF $FLMI

by · The Markets Daily

Prentice Wealth Management LLC raised its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,084 shares of the company’s stock after purchasing an additional 21,735 shares during the quarter. Franklin Dynamic Municipal Bond ETF comprises about 1.3% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Prentice Wealth Management LLC owned 0.51% of Franklin Dynamic Municipal Bond ETF worth $5,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of FLMI. Janney Montgomery Scott LLC boosted its position in Franklin Dynamic Municipal Bond ETF by 20.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 65,657 shares of the company’s stock valued at $1,593,000 after buying an additional 11,078 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth about $60,000. Cetera Investment Advisers boosted its holdings in Franklin Dynamic Municipal Bond ETF by 227.7% in the second quarter. Cetera Investment Advisers now owns 679,327 shares of the company’s stock valued at $16,480,000 after purchasing an additional 472,025 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the 2nd quarter valued at approximately $200,000. Finally, AE Wealth Management LLC increased its holdings in Franklin Dynamic Municipal Bond ETF by 47.1% during the 2nd quarter. AE Wealth Management LLC now owns 13,032 shares of the company’s stock worth $316,000 after purchasing an additional 4,172 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Up 0.1%

NYSEARCA FLMI opened at $24.90 on Friday. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.05 and a 12 month high of $25.04. The company’s fifty day moving average price is $24.90 and its two-hundred day moving average price is $24.49.

About Franklin Dynamic Municipal Bond ETF

(Free Report)

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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