PNC Financial Services Group Inc. Has $1.97 Million Stake in Franklin Dynamic Municipal Bond ETF $FLMI

PNC Financial Services Group Inc. lifted its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 155.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,103 shares of the company’s stock after acquiring an additional 48,197 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $1,967,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FLMI. NewEdge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at $100,000. Jane Street Group LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 37.2% during the 1st quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock valued at $1,107,000 after acquiring an additional 12,284 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter valued at $1,982,000. Raymond James Financial Inc. boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 38.2% during the 2nd quarter. Raymond James Financial Inc. now owns 826,544 shares of the company’s stock valued at $20,052,000 after acquiring an additional 228,569 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock valued at $25,683,000 after acquiring an additional 309,775 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA FLMI opened at $24.97 on Thursday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.94 and a twelve month high of $25.46. The business’s fifty day moving average is $24.88 and its 200 day moving average is $24.97.

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.