Patriot Financial Group Insurance Agency LLC Sells 31,652 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Patriot Financial Group Insurance Agency LLC cut its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 19.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,451 shares of the company’s stock after selling 31,652 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $3,212,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FLMI. Thrivent Financial for Lutherans acquired a new position in Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at about $2,758,000. Truist Financial Corp lifted its holdings in Franklin Dynamic Municipal Bond ETF by 66.4% during the 2nd quarter. Truist Financial Corp now owns 23,137 shares of the company’s stock worth $565,000 after purchasing an additional 9,236 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at $4,450,000. Massmutual Trust Co. FSB ADV bought a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $784,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 43.7% during the third quarter. GAMMA Investing LLC now owns 40,227 shares of the company’s stock worth $1,006,000 after buying an additional 12,227 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.58 on Tuesday. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.06 and a 52-week high of $25.38. The firm has a 50-day moving average of $24.62 and a 200-day moving average of $24.70.

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.