TrueWealth Advisors LLC Buys 4,239 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

TrueWealth Advisors LLC raised its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 26.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,130 shares of the company’s stock after acquiring an additional 4,239 shares during the quarter. TrueWealth Advisors LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $492,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FLMI. Redhawk Wealth Advisors Inc. grew its position in shares of Franklin Dynamic Municipal Bond ETF by 2.1% in the third quarter. Redhawk Wealth Advisors Inc. now owns 60,206 shares of the company’s stock valued at $1,506,000 after purchasing an additional 1,214 shares during the last quarter. Cedar Point Capital Partners LLC boosted its stake in Franklin Dynamic Municipal Bond ETF by 3.6% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 36,427 shares of the company’s stock valued at $911,000 after purchasing an additional 1,251 shares during the period. Leeward Financial Partners LLC grew its holdings in Franklin Dynamic Municipal Bond ETF by 2.8% in the 3rd quarter. Leeward Financial Partners LLC now owns 60,936 shares of the company’s stock valued at $1,524,000 after buying an additional 1,687 shares in the last quarter. Atria Investments Inc increased its position in Franklin Dynamic Municipal Bond ETF by 13.2% during the 3rd quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock worth $423,000 after buying an additional 1,974 shares during the period. Finally, ShoreHaven Wealth Partners LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 1.4% during the third quarter. ShoreHaven Wealth Partners LLC now owns 148,014 shares of the company’s stock worth $3,702,000 after buying an additional 1,996 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI stock opened at $24.44 on Friday. Franklin Dynamic Municipal Bond ETF has a 52 week low of $24.06 and a 52 week high of $25.38. The company’s 50-day simple moving average is $24.63 and its 200 day simple moving average is $24.69.

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.