Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Shares Bought by TrueWealth Advisors LLC

TrueWealth Advisors LLC lifted its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 24.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,891 shares of the company’s stock after acquiring an additional 3,172 shares during the period. TrueWealth Advisors LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth approximately $204,000. CWM LLC raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 592.5% in 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 in the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth approximately $275,000. Cetera Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the first quarter valued at approximately $408,000. Finally, Truist Financial Corp raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 66.4% during the second quarter. Truist Financial Corp now owns 23,137 shares of the company’s stock valued at $565,000 after acquiring an additional 9,236 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Down 0.3 %

Shares of FLMI stock traded down $0.08 during trading hours on Friday, reaching $24.53. 76,035 shares of the stock traded hands, compared to its average volume of 94,184. Franklin Dynamic Municipal Bond ETF has a 1-year low of $22.61 and a 1-year high of $25.50. The business has a fifty day moving average price of $24.83 and a 200 day moving average price of $24.57.

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.