Thrivent Financial for Lutherans Raises Stock Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Thrivent Financial for Lutherans grew its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,719 shares of the company’s stock after buying an additional 39,707 shares during the period. Thrivent Financial for Lutherans owned 1.81% of Franklin Dynamic Municipal Bond ETF worth $3,820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLMI. International Assets Investment Management LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the second quarter worth approximately $204,000. Sigma Planning Corp purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $238,000. CWM LLC increased its position in shares of Franklin Dynamic Municipal Bond ETF by 592.5% during the 3rd quarter. CWM LLC now owns 10,007 shares of the company’s stock worth $250,000 after purchasing an additional 8,562 shares during the last quarter. TrueWealth Advisors LLC raised its holdings in Franklin Dynamic Municipal Bond ETF by 48.3% in the 2nd quarter. TrueWealth Advisors LLC now owns 12,719 shares of the company’s stock valued at $310,000 after buying an additional 4,143 shares during the period. Finally, Cetera Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF in the first quarter valued at about $408,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.2 %

Shares of FLMI opened at $24.83 on Monday. The firm has a 50-day simple moving average of $24.79 and a two-hundred day simple moving average of $24.62. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.44 and a 1-year high of $25.50.

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.