Cedar Point Capital Partners LLC trimmed its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,176 shares of the company’s stock after selling 2,380 shares during the quarter. Cedar Point Capital Partners LLC owned about 0.42% of Franklin Dynamic Municipal Bond ETF worth $858,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Creekmur Asset Management LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $53,000. GAMMA Investing LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the first quarter valued at approximately $56,000. CWM LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $57,000. Pineridge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter worth $135,000. Finally, TrueWealth Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter worth $210,000.
Franklin Dynamic Municipal Bond ETF Stock Performance
NYSEARCA:FLMI traded up $0.04 during midday trading on Wednesday, reaching $24.73. The stock had a trading volume of 165,738 shares, compared to its average volume of 76,596. The firm’s fifty day simple moving average is $24.52 and its 200-day simple moving average is $24.36. Franklin Dynamic Municipal Bond ETF has a 1-year low of $22.50 and a 1-year high of $25.94.
Franklin Dynamic Municipal Bond ETF 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.
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