Franklin Dynamic Municipal Bond ETF $FLMI Shares Bought by Croban

Croban raised its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,109 shares of the company’s stock after acquiring an additional 3,960 shares during the period. Franklin Dynamic Municipal Bond ETF makes up approximately 1.5% of Croban’s holdings, making the stock its 20th biggest holding. Croban owned 0.23% of Franklin Dynamic Municipal Bond ETF worth $1,749,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FLMI. IFP Advisors Inc lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 104.3% during the second quarter. IFP Advisors Inc now owns 12,201 shares of the company’s stock worth $296,000 after buying an additional 6,230 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the second quarter worth $200,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the second quarter worth $632,000. Ameritas Advisory Services LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the second quarter worth $30,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 3.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 84,392 shares of the company’s stock worth $2,047,000 after buying an additional 2,446 shares during the period.

Franklin Dynamic Municipal Bond ETF Trading Up 0.1%

NYSEARCA:FLMI opened at $24.72 on Friday. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.05 and a 12 month high of $25.38. The firm has a fifty day simple moving average of $24.43 and a 200-day simple moving average of $24.21.

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.