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

TrueWealth Advisors LLC lifted its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,130 shares of the company’s stock after purchasing an additional 4,239 shares during the quarter. TrueWealth Advisors LLC owned 0.24% of Franklin Dynamic Municipal Bond ETF worth $492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 2.1% during the third quarter. Redhawk Wealth Advisors Inc. now owns 60,206 shares of the company’s stock worth $1,506,000 after acquiring an additional 1,214 shares during the period. Cedar Point Capital Partners LLC boosted its position in shares of 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 buying an additional 1,251 shares during the period. Leeward Financial Partners LLC grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 2.8% during the third quarter. Leeward Financial Partners LLC now owns 60,936 shares of the company’s stock worth $1,524,000 after buying an additional 1,687 shares in the last quarter. Atria Investments Inc raised its position in Franklin Dynamic Municipal Bond ETF by 13.2% in the 3rd quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock valued at $423,000 after buying an additional 1,974 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC lifted its stake in Franklin Dynamic Municipal Bond ETF by 1.4% in the 3rd quarter. ShoreHaven Wealth Partners LLC now owns 148,014 shares of the company’s stock valued at $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 $24.44 on Friday. The firm has a fifty day simple moving average of $24.63 and a 200 day simple moving average of $24.69. 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 Company 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.