Bank of New York Mellon Corp boosted its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 25.2% in the fourth quarter, HoldingsChannel reports. The firm owned 159,653 shares of the company’s stock after buying an additional 32,114 shares during the quarter. Bank of New York Mellon Corp’s holdings in Franklin Dynamic Municipal Bond ETF were worth $3,901,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLMI. D.A. Davidson & CO. bought a new position in Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at $207,000. Latitude Advisors LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $210,000. Acorn Wealth Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at $240,000. Atria Wealth Solutions Inc. purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at $244,000. Finally, International Assets Investment Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $349,000.
Franklin Dynamic Municipal Bond ETF Stock Performance
Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.57 on Wednesday. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.06 and a 52-week high of $25.38. The stock’s 50-day simple moving average is $24.57 and its 200 day simple moving average is $24.69.
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.
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