Bank of New York Mellon Corp Has $11.63 Million Stake in Franklin Dynamic Municipal Bond ETF $FLMI

Bank of New York Mellon Corp increased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 24.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 469,030 shares of the company’s stock after purchasing an additional 93,595 shares during the quarter. Bank of New York Mellon Corp’s holdings in Franklin Dynamic Municipal Bond ETF were worth $11,627,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. LPL Financial LLC boosted its stake in Franklin Dynamic Municipal Bond ETF by 27.4% during the fourth quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock worth $119,541,000 after acquiring an additional 1,034,603 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its stake in Franklin Dynamic Municipal Bond ETF by 4.1% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,366,025 shares of the company’s stock valued at $58,843,000 after purchasing an additional 93,813 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Franklin Dynamic Municipal Bond ETF by 93.1% in the third quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock valued at $50,767,000 after purchasing an additional 987,594 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 9.0% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,892,928 shares of the company’s stock valued at $47,077,000 after purchasing an additional 155,902 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 75.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock valued at $38,075,000 after purchasing an additional 660,284 shares during the period.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI stock opened at $24.66 on Friday. The company’s 50-day moving average is $24.97 and its 200-day moving average is $25.00. Franklin Dynamic Municipal Bond ETF has a 1 year low of $24.01 and a 1 year high of $25.46.

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.