Cedar Point Capital Partners LLC Takes $837,000 Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Cedar Point Capital Partners LLC bought a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,519 shares of the company’s stock, valued at approximately $837,000. Franklin Dynamic Municipal Bond ETF accounts for about 0.7% of Cedar Point Capital Partners LLC’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds have also made changes to their positions in FLMI. Central Bank & Trust Co. grew its holdings in Franklin Dynamic Municipal Bond ETF by 66.0% during the 4th quarter. Central Bank & Trust Co. now owns 297,405 shares of the company’s stock valued at $7,212,000 after purchasing an additional 118,200 shares in the last quarter. Leeward Financial Partners LLC grew its holdings in Franklin Dynamic Municipal Bond ETF by 15.8% during the 3rd quarter. Leeward Financial Partners LLC now owns 40,215 shares of the company’s stock valued at $923,000 after purchasing an additional 5,495 shares in the last quarter. Aspire Wealth Management Corp acquired a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at $175,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $1,731,000. Finally, Financial Advocates Investment Management grew its holdings in Franklin Dynamic Municipal Bond ETF by 7.7% during the 3rd quarter. Financial Advocates Investment Management now owns 32,524 shares of the company’s stock worth $746,000 after acquiring an additional 2,337 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI stock traded up $0.01 during mid-day trading on Friday, hitting $24.16. 45,360 shares of the company were exchanged, compared to its average volume of 52,617. Franklin Dynamic Municipal Bond ETF has a twelve month low of $22.50 and a twelve month high of $25.94. The firm has a fifty day simple moving average of $24.31 and a 200 day simple moving average of $23.89.

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.