Central Bank & Trust Co. Purchases New Stake in Franklin Dynamic Municipal Bond ETF $FLMI

Central Bank & Trust Co. bought a new position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the third quarter, Holdings Channel.com reports. The institutional investor bought 821,764 shares of the company’s stock, valued at approximately $19,164,000. Franklin Dynamic Municipal Bond ETF accounts for approximately 2.9% of Central Bank & Trust Co.’s portfolio, making the stock its 6th largest holding.

Several other hedge funds have also bought and sold shares of FLMI. Rockefeller Capital Management L.P. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $42,000. Legacy Wealth Managment LLC ID raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 704.8% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,849 shares of the company’s stock valued at $71,000 after purchasing an additional 2,495 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in Franklin Dynamic Municipal Bond ETF during the 1st quarter worth about $211,000. Fifth Third Bancorp purchased a new position in Franklin Dynamic Municipal Bond ETF in the first quarter valued at approximately $230,000. Finally, Gerald Baker Financial Group LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the first quarter valued at $244,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of FLMI stock traded up $0.10 during trading hours on Friday, hitting $23.25. The stock had a trading volume of 1,377,483 shares, compared to its average volume of 890,903. The stock’s 50 day moving average is $24.13 and its 200 day moving average is $24.65. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.04 and a twelve month high of $25.46.

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.