FLMI: Another Look At This High-Quality Muni Bond ETF

What happened: A Seeking Alpha article reviews the Franklin Dynamic Municipal Bond ETF ($FLMI), describing it as a simple, effective, active muni bond ETF. Key numbers: 4.1% dividend yield. Why it matters: The author says ongoing Federal Reserve hikes are a risk for the fund and lead to worse spreads relative to cash and variable rate investments. The article states $FLMI remains a buy, but is falling behind.

A Seeking Alpha article reviews the Franklin Dynamic Municipal Bond ETF ($FLMI), describing it as a simple, effective, active muni bond ETF.

The author says ongoing Federal Reserve hikes are a risk for the fund and lead to worse spreads relative to cash and variable rate investments. The article states $FLMI remains a buy, but is falling behind.