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FLMI seeks to provide high levels of income exempt from federal income taxes while maintaining an average maturity of 3-10 years. It provides exposure to municipal securities across entire credit rating spectrum, including below investment grade. Actively managed by an experienced team dedicated to investing in the municipal bond industry
Franklin Dynamic Municipal Bond ETF trades on the ARCA stock market under the symbol FLMI.
As of June 24, 2026, FLMI stock price climbed to $25.10 with 1,171,539 million shares trading.
FLMI has a beta of 0.10, meaning it tends to be less sensitive to market movements. FLMI has a correlation of 0.12 to the broad based SPY ETF.
FLMI has a market cap of $2.26 billion. This is considered a Mid Cap stock.
In the last 3 years, FLMI traded as high as $25.94 and as low as $22.50.
FLMI has underperformed the market in the last year with a return of +7.9%, while the SPY ETF gained +23.4%. In the last 3 month period, FLMI fell short of the market, returning +2.2%, while SPY returned +12.2%. However, in the most recent 2 weeks FLMI has outperformed the stock market by returning +0.2%, while SPY returned -0.3%.
FLMI support price is $25.02 and resistance is $25.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLMI shares will trade within this expected range on the day.
