Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Free Report) saw unusually-strong trading volume on Wednesday. Approximately 835,429 shares were traded during trading, an increase of 3% from the previous session’s volume of 810,043 shares. The stock last traded at $23.3850 and had previously closed at $23.13.
Franklin Dynamic Municipal Bond ETF Trading Up 1.0%
The firm’s 50-day moving average is $24.33 and its 200-day moving average is $24.73.
Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. bought a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth $42,000. Legacy Wealth Managment LLC ID grew its holdings in Franklin Dynamic Municipal Bond ETF by 704.8% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,849 shares of the company’s stock valued at $71,000 after purchasing an additional 2,495 shares during the period. SouthState Bank Corp increased its position in Franklin Dynamic Municipal Bond ETF by 38.8% in the fourth quarter. SouthState Bank Corp now owns 5,752 shares of the company’s stock worth $143,000 after buying an additional 1,608 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the first quarter worth about $211,000. Finally, Fifth Third Bancorp bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the first quarter worth about $230,000.
About Franklin Dynamic Municipal Bond ETF
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.
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