Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Stake Lessened by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 71.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,637 shares of the company’s stock after selling 1,025,893 shares during the quarter. Franklin Resources Inc. owned 4.95% of Franklin Dynamic Municipal Bond ETF worth $10,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wulff Hansen & CO. lifted its position in Franklin Dynamic Municipal Bond ETF by 2,340.1% in the 2nd quarter. Wulff Hansen & CO. now owns 1,004,991 shares of the company’s stock worth $24,523,000 after buying an additional 963,804 shares in the last quarter. Central Bank & Trust Co. raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 30.3% during the third quarter. Central Bank & Trust Co. now owns 867,890 shares of the company’s stock worth $21,706,000 after acquiring an additional 201,940 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the second quarter valued at $4,450,000. HighTower Advisors LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the third quarter valued at about $3,050,000. Finally, Thrivent Financial for Lutherans acquired a new position in Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth about $2,758,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.3 %

Shares of FLMI opened at $24.55 on Friday. The firm’s 50 day moving average price is $24.74 and its 200 day moving average price is $24.69. Franklin Dynamic Municipal Bond ETF has a twelve month low of $24.06 and a twelve month high of $25.50.

Franklin Dynamic Municipal Bond ETF Profile

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.