Franklin Dynamic Municipal Bond ETF (FLMI)
| Assets | $99.97M |
| Expense Ratio | 0.30% |
| PE Ratio | n/a |
| Shares Out | 4.20M |
| Dividend (ttm) | $0.71 |
| Dividend Yield | 2.98% |
| Ex-Dividend Date | Mar 1, 2023 |
| Payout Ratio | n/a |
| 1-Year Return | -3.90% |
| Volume | 8,289 |
| Open | 23.78 |
| Previous Close | 23.79 |
| Day's Range | 23.75 - 23.83 |
| 52-Week Low | 22.41 |
| 52-Week High | 24.83 |
| Beta | 0.14 |
| Holdings | 394 |
| Inception Date | Aug 31, 2017 |
About FLMI
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.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 1, 2023 | $0.0654 | Mar 7, 2023 |
| Feb 1, 2023 | $0.0582 | Feb 7, 2023 |
| Dec 16, 2022 | $0.07583 | Dec 22, 2022 |
| Dec 1, 2022 | $0.0645 | Dec 7, 2022 |
| Nov 1, 2022 | $0.0621 | Nov 7, 2022 |
| Oct 3, 2022 | $0.0614 | Oct 7, 2022 |
News
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...
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...
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 h...
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 r...
Active ETF Strategies Could Help Exploit Inefficiencies in the Municipal Bond Market
Bond investors can utilize actively managed municipal bond exchange traded funds to seek out the best opportunities and exploit inefficiencies in the complex muni market. In the recent webcast, Explo...
Exploiting Inefficiencies in the Muni Market with Active Management
While municipal bonds have always been known for investor benefits such as tax-free income and diversification, the muni market has cheapened amid 2022's heightened volatility – making now an opportun...
Franklin Templeton Announces Name Change to Two Tax-Free Bond ETFs
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton Announces Name Change to Two Tax-Free Bond ETFs
Democrats Favoring Tax Hikes: Muni Bond ETFs to Soar?
Democratic presidential candidates are pitching for tax hikes in some way or the other. This should keep the winning momentum alive for muni bond ETFs.