Franklin Dynamic Municipal Bond ETF (FLMI)
Franklin Dynamic Municipal Bond ETF $FLMI Shares Bought by Geneos Wealth Management Inc.
Geneos Wealth Management Inc. raised its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 395.3% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,100 shares of the company's stock after purchasing an additional 58,340 shares during the quarter. Geneos Wealth
FLMI: Not Too Much Signs Of Stress, But Inflation Coming Back
Franklin Dynamic Municipal Bond ETF (FLMI) faces headwinds from rising yields and inflation expectations, especially due to the Iran War's impact on energy prices. FLMI's 7-year duration heightens sensitivity to upward yield curve shifts, making it less attractive versus cash or ultra-short duration fixed income. The ETF's 0.3% expense ratio is good compared to active alternatives, but significantly more than passive, though there is historical outperformance on FLMI.
BlueStem Wealth Partners LLC Reduces Holdings in Franklin Dynamic Municipal Bond ETF $FLMI
BlueStem Wealth Partners LLC reduced its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 23.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,137 shares of the company's stock after selling 73,341 shares during the period.
FLMI: High-Quality Muni Bond ETF, Solid Tax-Advantaged Yield, Outperformance Since Inception
The Franklin Dynamic Municipal Bond ETF is an active muni bond ETF. It focuses on investment-grade munis, with a tax-advantaged 3.9% dividend yield. Before-tax income is competitive, after-tax income should be above-average for most investors in taxable accounts.
Cliftonlarsonallen Wealth Advisors LLC Raises Stock Holdings in Franklin Dynamic Municipal Bond ETF $FLMI
Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 4.9% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,272,212 shares of the company's stock after buying an additional 106,121 shares during the
Osaic Holdings Inc. Raises Stake in Franklin Dynamic Municipal Bond ETF $FLMI
Osaic Holdings Inc. increased its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 192.0% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,845 shares of the company's stock after acquiring an additional 252,383 shares
Thrivent Financial for Lutherans Takes $3.80 Million Position in Franklin Dynamic Municipal Bond ETF $FLMI
Thrivent Financial for Lutherans purchased a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 156,551 shares of the company's stock, valued at approximately $3,798,000. Thrivent Financial
Franklin Dynamic Municipal Bond ETF $FLMI Stake Cut by Central Bank & Trust Co.
Central Bank and Trust Co. lessened its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 5.0% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 705,199 shares of the company's stock after selling 36,732 shares
FLMI: Perfectly Sensible, Just Produces A Meagre Income
Franklin Dynamic Municipal Bond ETF offers diversified muni bond exposure but delivers an unimpressive 3.51% trailing yield. FLMI's strategy favors middle-to-short tenor and moderate credit risk, resulting in lower interest rate risk but only middling income. I believe more selective muni funds or those taking additional credit risk—without materially higher default risk—offer superior yields.
FLMI: Credit Spreads Historically Low
Credit spreads are at historically tight levels, which puts us off credit bets in fixed income. Munis may have relative value based on relative movements between their yields and Treasuries. It's unclear how much the possibility of short-term rate cuts will help this ETF, as its long maturity bonds are priced based on more structural factors.
Four High-Yield Muni ETFs, For Investors In Taxable Accounts
High-yield muni ETFs focus on investment-grade municipal bonds, leaning into those with weaker ratings. Dividend yields are good, in the 4.0% - 5.0%, tax-exempt, and provide higher after-tax income, making them attractive for taxable accounts and high-tax-rate investors. A quick look at four particularly good, high-yielding muni ETFs follows.
Franklin's Muni Bond ETF Leverages a Deep Research Bench
Municipal bonds are known for their tax advantages and low default rates¹. Right now they have a lot to offer investors.
Should You Tap Pricey Muni Bond ETFs Now?
Tax-exempt municipal bonds serve not only as an investment option.
NYSE's ETF Leaders: Franklin Templeton's David Mann
Franklin Templeton's head of ETF product and capital markets David Mann heard “a lot of good chatter” at Exchange 2023. Two main themes dominated the chatter: Franklin Templeton's “active fixed income lineup,” and “where to get income.
Active Muni Funds Can Stake Their Claim in 2023
Municipal bonds, the subject of a recent debate here at VettaFi, are nonetheless an area that some market watchers are tapping for a “renaissance” of sorts this year. After a difficult 2022, municipal bond yields may benefit from higher interest rates that should be settled in the early stages of 2023.
Focus on FLMI for Municipal Bond Recession Protection
While economists and political pundits debate the recession status of the U.S. economy, investors may want to take steps to prepare for an economic downturn. After all, failure to prepare is preparing to fail.
Summer Buying Could Kick-Start Muni Bond Rebound
Municipal bonds, like the bulk of the fixed income space, are being adversely affected by the Federal Reserve's aggressive interest rate hikes — more of which could be on the way due to persistently high inflation.
FLMI Could Be Fabulous Idea as Municipal Bonds Regain Form
Headline risk remains in the fixed income space. On Wednesday, the Labor Department said that the June reading of the Consumer Price Index (CPI) checked in at 9.1%.
Investors Are Renewing Faith in Municipal Bonds
As is the case with nearly every other corner of the bond market this year, municipal bonds are languishing due to the Federal Reserve's interest rate tightening efforts. However, muni bonds and the related exchange traded funds are performing less poorly than aggregate bond strategies.
Franklin Resources Inc. Boosts Stock Position in Franklin Liberty Intermediate Municipal Opportunities ETF (NYSEARCA:FLMI)
Franklin Resources Inc. grew its stake in Franklin Liberty Intermediate Municipal Opportunities ETF (NYSEARCA:FLMI) by 252.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,817 shares of the company’s stock after purchasing an additional 100,817 shares during the period. Franklin Resources […]