Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $23.78 and last traded at $23.88, with a volume of 1537151 shares traded. The stock had previously closed at $23.86.
Franklin Dynamic Municipal Bond ETF Stock Performance
The firm’s fifty day moving average price is $24.53 and its two-hundred day moving average price is $24.81.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FLMI. Bank of America Corp DE increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 99.1% in the 1st quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock valued at $67,014,000 after purchasing an additional 1,345,211 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in Franklin Dynamic Municipal Bond ETF by 25.0% during the first quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock worth $58,652,000 after purchasing an additional 473,020 shares in the last quarter. Cetera Investment Advisers grew its holdings in Franklin Dynamic Municipal Bond ETF by 23.6% in the first quarter. Cetera Investment Advisers now owns 1,446,903 shares of the company’s stock valued at $35,869,000 after purchasing an additional 275,864 shares during the period. Waverly Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF in the second quarter valued at approximately $21,022,000. Finally, Sanctuary Advisors LLC increased its position in shares of Franklin Dynamic Municipal Bond ETF by 16.9% in the first quarter. Sanctuary Advisors LLC now owns 783,830 shares of the company’s stock valued at $19,431,000 after buying an additional 113,491 shares in the last quarter.
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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