Pineridge Advisors LLC Invests $135,000 in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Pineridge Advisors LLC bought a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,576 shares of the company’s stock, valued at approximately $135,000. Pineridge Advisors LLC owned approximately 0.12% of Franklin Dynamic Municipal Bond ETF at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FLMI. LPL Financial LLC increased its holdings in shares of Franklin Dynamic Municipal Bond ETF by 76.5% during the 3rd quarter. LPL Financial LLC now owns 553,113 shares of the company’s stock worth $12,694,000 after acquiring an additional 239,775 shares during the last quarter. Central Bank & Trust Co. grew its stake in Franklin Dynamic Municipal Bond ETF by 66.0% in the 4th quarter. Central Bank & Trust Co. now owns 297,405 shares of the company’s stock valued at $7,212,000 after buying an additional 118,200 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at about $2,146,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth approximately $1,731,000. Finally, Raymond James & Associates bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth approximately $1,156,000.

Franklin Dynamic Municipal Bond ETF Stock Down 0.2 %

Shares of FLMI traded down $0.05 during midday trading on Friday, reaching $24.49. 71,928 shares of the stock were exchanged, compared to its average volume of 62,330. The stock’s 50 day simple moving average is $24.26 and its 200 day simple moving average is $24.22. Franklin Dynamic Municipal Bond ETF has a twelve month low of $22.50 and a twelve month high of $25.94.

About Franklin Dynamic Municipal Bond ETF

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.