Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Shares Acquired by Central Bank & Trust Co.

Central Bank & Trust Co. increased its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 30.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 867,890 shares of the company’s stock after acquiring an additional 201,940 shares during the quarter. Franklin Dynamic Municipal Bond ETF makes up about 3.0% of Central Bank & Trust Co.’s holdings, making the stock its 3rd biggest position. Central Bank & Trust Co. owned 0.10% of Franklin Dynamic Municipal Bond ETF worth $21,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter valued at about $204,000. CWM LLC increased its position in 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 period. Avantax Advisory Services Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter worth approximately $275,000. TrueWealth Advisors LLC lifted its holdings in shares of 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 purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at approximately $408,000.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA FLMI opened at $24.70 on Tuesday. The company’s fifty day moving average is $24.83 and its two-hundred day moving average is $24.58. Franklin Dynamic Municipal Bond ETF has a one year low of $22.83 and a one 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.