Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Stock Holdings Reduced by Central Bank & Trust Co.

Central Bank & Trust Co. cut its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 13.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 750,173 shares of the company’s stock after selling 117,717 shares during the quarter. Franklin Dynamic Municipal Bond ETF makes up approximately 2.8% of Central Bank & Trust Co.’s portfolio, making the stock its 5th biggest holding. Central Bank & Trust Co. owned about 0.09% of Franklin Dynamic Municipal Bond ETF worth $18,330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the second quarter valued at $2,758,000. Truist Financial Corp increased its holdings in Franklin Dynamic Municipal Bond ETF by 66.4% during the 2nd quarter. Truist Financial Corp now owns 23,137 shares of the company’s stock valued at $565,000 after acquiring an additional 9,236 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the second quarter worth about $4,450,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at about $784,000. Finally, GAMMA Investing LLC grew its position in shares of Franklin Dynamic Municipal Bond ETF by 43.7% in the third quarter. GAMMA Investing LLC now owns 40,227 shares of the company’s stock valued at $1,006,000 after purchasing an additional 12,227 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.44 on Tuesday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $24.06 and a 1 year high of $25.38. The business has a 50 day moving average price of $24.63 and a 200 day moving average price of $24.70.

Franklin Dynamic Municipal Bond ETF Company 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.