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Franklin Dynamic Municipal Bond ETF (FLMI)

High Yield Muni | Exchange Traded Fund | NYSEArca
25.02 USD +0.06 (0.261%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 25.02
Short-term: ★★★☆☆ | Long-term: ★★★★☆ | Dividends: ★★★★★
Hot Take | April 11, 2026, 3:14 p.m. EDT

FLMI is a municipal bond ETF with a strong dividend yield of 3.94%, indicating it is attractive for income-focused investors. The recent price history shows relatively stable movement, with minor fluctuations around the 24.7-24.95 range. The dividend payments have been consistent over the past five years, with amounts ranging from 0.052 to 0.093, suggesting a reliable income stream. For short-term traders, the ETF's price has not shown strong momentum, but the recent dip may present a buy-the-dip opportunity. For long-term investors, the consistent dividends and stable fundamentals make it a solid buy-and-hold candidate. The forecasting model indicates a slight upward trend, but the statistical metrics suggest high volatility, so caution is advised.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.007117
MSTL0.008459
AutoETS0.008478
AutoARIMA0.008505

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 71%
H-stat 1.30
Ljung-Box p 0.000
Jarque-Bera p 0.487
Excess Kurtosis -0.66

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.36% 4.05% 4.22% 3.74%
Dividend History
Date Dividend Yield %
2026-04-01 0.088 0.355699
2026-03-02 0.075 0.297381
2026-02-02 0.076 0.305252
2025-12-19 0.068 0.276598
2025-12-01 0.073 0.297330
2025-11-03 0.091 0.371806
2025-10-01 0.079 0.325397
2025-09-02 0.078 0.331140
2025-08-01 0.091 0.387099
2025-07-01 0.080 0.340331
2025-06-02 0.084 0.360917
2025-05-01 0.093 0.398989
2025-04-01 0.088 0.374342
2025-03-03 0.073 0.307259
2025-02-03 0.071 0.303514
2024-12-31 0.072 0.309504
2024-12-13 0.021 0.089636
2024-12-02 0.074 0.313977
2024-11-01 0.093 0.400924
2024-10-01 0.075 0.318446
2024-09-03 0.080 0.344418
2024-08-01 0.090 0.390779
2024-07-01 0.076 0.335042
2024-06-03 0.090 0.401267
2024-05-01 0.090 0.402847
2024-04-01 0.080 0.356688
2024-03-01 0.075 0.335283
2024-02-01 0.083 0.370744
2023-12-15 0.087 0.394958
2023-12-01 0.077 0.356596
2023-11-01 0.084 0.410360
2023-10-02 0.068 0.329779
2023-09-01 0.078 0.368098
2023-08-01 0.073 0.341216
2023-07-03 0.071 0.332813
2023-06-01 0.083 0.390715
2023-05-01 0.068 0.320482
2023-04-03 0.088 0.415313
2023-03-01 0.065 0.313146
2023-02-01 0.058 0.272306
2022-12-16 0.076 0.365468
2022-12-01 0.065 0.316186
2022-11-01 0.062 0.314297
2022-10-03 0.061 0.306949
2022-09-01 0.067 0.325821
2022-07-01 0.057 0.277153
2022-06-01 0.039 0.186857
2022-05-02 0.046 0.222972
2022-04-01 0.056 0.262405
2022-03-01 0.045 0.202815
2022-02-01 0.090 0.403058
2021-12-01 0.059 0.257325
2021-10-29 0.052 0.229479
2021-09-30 0.053 0.233165
2021-08-31 0.051 0.221941
2021-07-30 0.052 0.226176
2021-06-30 0.059 0.259269
2021-05-28 0.048 0.212184
2021-04-30 0.049 0.218053
2021-03-31 0.061 0.275263
2021-02-26 0.045 0.204233
2021-01-29 0.065 0.291177
2020-12-30 0.043 0.194890
2020-11-30 0.047 0.215989
2020-10-30 0.049 0.230093
2020-09-30 0.041 0.192557
2020-08-31 0.044 0.207018
2020-07-31 0.042 0.197254
2020-06-30 0.046 0.219864
2020-05-29 0.041 0.198763
2020-04-30 0.053 0.264244
2020-03-31 0.050 0.245782
2020-02-28 0.045 0.210201
2020-01-31 0.050 0.236393
2019-12-30 0.047 0.226080
2019-11-29 0.037 0.178377
2019-10-31 0.057 0.273153
2019-09-30 0.044 0.211285
2019-08-30 0.053 0.252276
2019-07-31 0.061 0.294716
2019-06-28 0.042 0.204729
2019-05-31 0.127 0.620823
2019-04-30 0.049 0.243817
2019-03-29 0.060 0.299617
2019-02-28 0.050 0.253585
2019-01-31 0.061 0.311392
2018-12-28 0.052 0.267309
2018-11-30 0.052 0.271834
2018-10-31 0.057 0.297887
2018-09-28 0.046 0.238585
2018-08-31 0.053 0.273591
2018-07-31 0.050 0.260278
2018-06-29 0.046 0.239948
2018-05-31 0.057 0.297890
2018-04-30 0.041 0.213286
2018-03-29 0.049 0.255329
2018-02-28 0.038 0.198488
2018-01-31 0.047 0.241158
2017-12-28 0.038 0.195659
2017-11-30 0.032 0.166015
2017-10-31 0.016 0.082549
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 3.94

Info Dump

Attribute Value
All Time High 28.34
All Time Low 22.41
Ask 25.02
Ask Size 1,300
Average Daily Volume10 Day 661,260
Average Daily Volume3 Month 729,170
Average Volume 729,170
Average Volume10Days 661,260
Beta3 Year 0.89
Bid 25.01
Bid Size 2,700
Category High Yield Muni
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 25.0499
Day Low 24.93
Dividend Yield 3.94
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 25.0523
Fifty Day Average Change -0.03730011
Fifty Day Average Change Percent -0.0014888897
Fifty Two Week Change Percent 5.1492214
Fifty Two Week High 25.46
Fifty Two Week High Change -0.4449997
Fifty Two Week High Change Percent -0.017478386
Fifty Two Week Low 23.65
Fifty Two Week Low Change 1.3649998
Fifty Two Week Low Change Percent 0.057716694
Fifty Two Week Range 23.65 - 25.46
First Trade Date Milliseconds 1,505,395,800,000
Five Year Average Return 0.022228401
Full Exchange Name NYSEArca
Fund Family Franklin Templeton Investments
Fund Inception Date 1,504,137,600
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.
Long Name Franklin Dynamic Municipal Bond ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_530008835
Nav Price 25.0039
Net Assets 1,861,075,070.0
Net Expense Ratio 0.3
Open 24.98
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 25.015
Post Market Time 1,776,464,521
Previous Close 24.95
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.0649986
Regular Market Change Percent 0.260516
Regular Market Day High 25.0499
Regular Market Day Low 24.93
Regular Market Day Range 24.93 - 25.0499
Regular Market Open 24.98
Regular Market Previous Close 24.95
Regular Market Price 25.015
Regular Market Time 1,776,456,000
Regular Market Volume 716,784
Short Name Franklin Dynamic Municipal Bond
Source Interval 15
Symbol FLMI
Three Year Average Return 0.054194104
Total Assets 1,861,075,072
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 0.17879
Trailing Three Month Returns 0.17879
Triggerable 1
Two Hundred Day Average 24.74515
Two Hundred Day Average Change 0.26984978
Two Hundred Day Average Change Percent 0.010905159
Type Disp ETF
Volume 716,784
Yield 0.0394
Ytd Return 0.17879