Franklin Dynamic Municipal Bond ETF $FLMI Stake Cut by Central Bank & Trust Co.

Central Bank & Trust Co. lessened its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 705,199 shares of the company’s stock after selling 36,732 shares during the period. Franklin Dynamic Municipal Bond ETF makes up about 2.8% of Central Bank & Trust Co.’s portfolio, making the stock its 6th biggest holding. Central Bank & Trust Co. owned about 1.73% of Franklin Dynamic Municipal Bond ETF worth $17,468,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Prentice Wealth Management LLC raised its stake in Franklin Dynamic Municipal Bond ETF by 11.7% in the third quarter. Prentice Wealth Management LLC now owns 208,084 shares of the company’s stock valued at $5,154,000 after buying an additional 21,735 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 20.3% during the second quarter. Janney Montgomery Scott LLC now owns 65,657 shares of the company’s stock worth $1,593,000 after acquiring an additional 11,078 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the second quarter valued at about $60,000. Cetera Investment Advisers increased its holdings in shares of Franklin Dynamic Municipal Bond ETF by 227.7% during the second quarter. Cetera Investment Advisers now owns 679,327 shares of the company’s stock valued at $16,480,000 after acquiring an additional 472,025 shares in the last quarter. Finally, DAVENPORT & Co LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at approximately $200,000.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA:FLMI opened at $24.82 on Friday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $25.04. The company’s 50 day moving average is $24.90 and its two-hundred day moving average is $24.49.

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.