Cedar Point Capital Partners LLC boosted its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 5.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 38,363 shares of the company’s stock after buying an additional 1,936 shares during the period. Cedar Point Capital Partners LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $937,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth approximately $2,758,000. Truist Financial Corp grew its position in shares of Franklin Dynamic Municipal Bond ETF by 66.4% during the 2nd quarter. Truist Financial Corp now owns 23,137 shares of the company’s stock worth $565,000 after purchasing an additional 9,236 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth approximately $4,450,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth approximately $784,000. Finally, GAMMA Investing LLC grew its position in shares of Franklin Dynamic Municipal Bond ETF by 43.7% during the 3rd quarter. GAMMA Investing LLC now owns 40,227 shares of the company’s stock worth $1,006,000 after purchasing an additional 12,227 shares in the last quarter.
Franklin Dynamic Municipal Bond ETF Stock Performance
Shares of NYSEARCA:FLMI opened at $24.48 on Thursday. The company’s 50 day moving average price is $24.63 and its two-hundred day moving average price is $24.69. Franklin Dynamic Municipal Bond ETF has a 12-month low of $24.06 and a 12-month high of $25.38.
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.
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Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
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