Comerica Bank Invests $76,000 in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Comerica Bank bought a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,120 shares of the company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in Franklin Dynamic Municipal Bond ETF by 23.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 38,556 shares of the company’s stock worth $942,000 after buying an additional 7,209 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Franklin Dynamic Municipal Bond ETF by 45.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 19,187 shares of the company’s stock worth $469,000 after acquiring an additional 5,997 shares during the period. Cedar Point Capital Partners LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 5.3% in the 4th quarter. Cedar Point Capital Partners LLC now owns 38,363 shares of the company’s stock worth $937,000 after acquiring an additional 1,936 shares in the last quarter. Secure Asset Management LLC lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 11.0% in the 4th quarter. Secure Asset Management LLC now owns 32,593 shares of the company’s stock valued at $796,000 after purchasing an additional 3,227 shares during the period. Finally, Econ Financial Services Corp bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $774,000.

Franklin Dynamic Municipal Bond ETF Stock Down 0.0%

NYSEARCA FLMI opened at $24.20 on Monday. The business has a 50 day simple moving average of $24.17 and a 200 day simple moving average of $24.47. Franklin Dynamic Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.38.

Franklin Dynamic Municipal Bond ETF Company 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.