Truist Financial Corp Grows Stock Position in Franklin Dynamic Municipal Bond ETF $FLMI

Truist Financial Corp increased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 638.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 458,768 shares of the company’s stock after buying an additional 396,684 shares during the quarter. Truist Financial Corp owned about 1.06% of Franklin Dynamic Municipal Bond ETF worth $11,364,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Econ Financial Services Corp lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 2.0% in the 3rd quarter. Econ Financial Services Corp now owns 27,154 shares of the company’s stock worth $673,000 after acquiring an additional 532 shares during the last quarter. Bowman & Co S.C. raised its position in Franklin Dynamic Municipal Bond ETF by 1.0% in the 3rd quarter. Bowman & Co S.C. now owns 56,115 shares of the company’s stock worth $1,390,000 after purchasing an additional 569 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Franklin Dynamic Municipal Bond ETF by 6.4% in the third quarter. Cullen Frost Bankers Inc. now owns 16,387 shares of the company’s stock worth $406,000 after purchasing an additional 984 shares during the last quarter. VestGen Advisors LLC boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 0.5% during the second quarter. VestGen Advisors LLC now owns 195,667 shares of the company’s stock valued at $4,747,000 after buying an additional 1,001 shares during the period. Finally, SouthState Corp grew its stake in shares of Franklin Dynamic Municipal Bond ETF by 31.2% during the second quarter. SouthState Corp now owns 4,532 shares of the company’s stock valued at $110,000 after buying an additional 1,078 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Up 0.1%

Shares of NYSEARCA FLMI opened at $25.11 on Friday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.14. The business’s 50 day moving average price is $24.93 and its 200-day moving average price is $24.67.

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.