Acorn Wealth Advisors LLC Buys Shares of 9,833 Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Acorn Wealth Advisors LLC bought a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the 4th quarter, HoldingsChannel.com reports. The firm bought 9,833 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors have also recently made changes to their positions in the company. D.A. Davidson & CO. acquired a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at $207,000. Latitude Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth $210,000. Sigma Planning Corp acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at about $238,000. Atria Wealth Solutions Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth about $244,000. Finally, International Assets Investment Management LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $349,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.4 %

Shares of NYSEARCA FLMI opened at $24.82 on Wednesday. Franklin Dynamic Municipal Bond ETF has a 12-month low of $24.06 and a 12-month high of $25.38. The company has a 50-day moving average of $24.52 and a 200 day moving average of $24.70.

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.