Certified Advisory Corp lessened its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 13.9% during the third quarter, Holdings Channel.com reports. The fund owned 186,432 shares of the company’s stock after selling 29,974 shares during the period. Certified Advisory Corp’s holdings in Franklin Dynamic Municipal Bond ETF were worth $4,348,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at $42,000. Legacy Wealth Managment LLC ID increased its holdings in Franklin Dynamic Municipal Bond ETF by 704.8% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,849 shares of the company’s stock worth $71,000 after purchasing an additional 2,495 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at approximately $82,000. Richards Merrill & Peterson Inc. bought a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth $117,000. Finally, Arkadios Wealth Advisors purchased a new position in Franklin Dynamic Municipal Bond ETF during the 1st quarter worth $211,000.
Franklin Dynamic Municipal Bond ETF Stock Down 0.2%
Shares of FLMI stock opened at $24.09 on Tuesday. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.04 and a 52 week high of $25.46. The firm’s 50-day simple moving average is $23.82 and its two-hundred day simple moving average is $24.68.
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.
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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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