Gladstone Institutional Advisory LLC Reduces Holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Gladstone Institutional Advisory LLC reduced its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,869 shares of the company’s stock after selling 873 shares during the quarter. Gladstone Institutional Advisory LLC owned approximately 0.36% of Franklin Dynamic Municipal Bond ETF worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. VitalStone Financial LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth about $30,000. CWM LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $57,000. Aspire Wealth Management Corp purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $175,000. Collaborative Wealth Managment Inc. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth about $241,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter worth approximately $260,000.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI opened at $24.22 on Friday. The company’s 50 day simple moving average is $24.28 and its 200 day simple moving average is $24.10. Franklin Dynamic Municipal Bond ETF has a 1 year low of $22.50 and a 1 year high of $25.94.

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.