Patriot Financial Group Insurance Agency LLC Sells 31,652 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Patriot Financial Group Insurance Agency LLC lowered its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,451 shares of the company’s stock after selling 31,652 shares during the period. Patriot Financial Group Insurance Agency LLC owned approximately 1.56% of Franklin Dynamic Municipal Bond ETF worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. raised its holdings in 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 worth $1,506,000 after purchasing an additional 1,214 shares during the period. Cedar Point Capital Partners LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 3.6% during the third quarter. Cedar Point Capital Partners LLC now owns 36,427 shares of the company’s stock worth $911,000 after acquiring an additional 1,251 shares in the last quarter. Leeward Financial Partners LLC grew its stake in Franklin Dynamic Municipal Bond ETF by 2.8% in the third quarter. Leeward Financial Partners LLC now owns 60,936 shares of the company’s stock valued at $1,524,000 after acquiring an additional 1,687 shares during the period. Atria Investments Inc grew its stake in Franklin Dynamic Municipal Bond ETF by 13.2% in the third quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock valued at $423,000 after acquiring an additional 1,974 shares during the period. Finally, ShoreHaven Wealth Partners LLC increased its holdings in shares of Franklin Dynamic Municipal Bond ETF by 1.4% in the third quarter. ShoreHaven Wealth Partners LLC now owns 148,014 shares of the company’s stock worth $3,702,000 after acquiring an additional 1,996 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of FLMI opened at $24.58 on Tuesday. The firm has a fifty day simple moving average of $24.62 and a 200 day simple moving average of $24.70. Franklin Dynamic Municipal Bond ETF has a 12 month low of $24.06 and a 12 month high of $25.38.

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.