Truist Financial Corp increased its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 20.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 28,603 shares of the company’s stock after purchasing an additional 4,803 shares during the period. Truist Financial Corp’s holdings in Franklin Dynamic Municipal Bond ETF were worth $699,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Central Bank & Trust Co. lifted its holdings in Franklin Dynamic Municipal Bond ETF by 30.3% in the 3rd quarter. Central Bank & Trust Co. now owns 867,890 shares of the company’s stock worth $21,706,000 after buying an additional 201,940 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 6.7% during the fourth quarter. Sanctuary Advisors LLC now owns 379,599 shares of the company’s stock valued at $9,323,000 after acquiring an additional 23,762 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 12.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 284,843 shares of the company’s stock valued at $6,960,000 after acquiring an additional 30,718 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Franklin Dynamic Municipal Bond ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 228,634 shares of the company’s stock worth $5,718,000 after acquiring an additional 18,867 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Franklin Dynamic Municipal Bond ETF by 175.1% in the third quarter. Jane Street Group LLC now owns 155,451 shares of the company’s stock valued at $3,888,000 after acquiring an additional 98,954 shares in the last quarter.
Franklin Dynamic Municipal Bond ETF Price Performance
Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.84 on Monday. The company’s fifty day simple moving average is $24.53 and its two-hundred day simple moving average is $24.70. Franklin Dynamic Municipal Bond ETF has a 12-month low of $24.06 and a 12-month high of $25.38.
About Franklin Dynamic Municipal Bond ETF
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.
Further Reading
Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
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