Truist Financial Corp Purchases 22,302 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Truist Financial Corp raised its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 56.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,084 shares of the company’s stock after purchasing an additional 22,302 shares during the quarter. Truist Financial Corp owned 0.20% of Franklin Dynamic Municipal Bond ETF worth $1,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new stake in Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at about $216,000. Janney Montgomery Scott LLC increased its stake in Franklin Dynamic Municipal Bond ETF by 184.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 54,579 shares of the company’s stock valued at $1,334,000 after purchasing an additional 35,392 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Franklin Dynamic Municipal Bond ETF by 24.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 139,582 shares of the company’s stock valued at $3,411,000 after purchasing an additional 27,036 shares in the last quarter. IFP Advisors Inc increased its stake in Franklin Dynamic Municipal Bond ETF by 44.6% during the 1st quarter. IFP Advisors Inc now owns 5,971 shares of the company’s stock valued at $146,000 after purchasing an additional 1,841 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Franklin Dynamic Municipal Bond ETF by 662.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 208,580 shares of the company’s stock valued at $5,098,000 after purchasing an additional 181,220 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA:FLMI opened at $24.72 on Friday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.38. The firm has a 50-day simple moving average of $24.43 and a two-hundred day simple moving average of $24.21.

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.