Stratos Wealth Advisors LLC cut its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,407 shares of the company’s stock after selling 3,141 shares during the period. Stratos Wealth Advisors LLC owned approximately 0.81% of Franklin Dynamic Municipal Bond ETF worth $1,672,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of FLMI. Central Bank & Trust Co. grew its position in shares of Franklin Dynamic Municipal Bond ETF by 30.3% during the 3rd quarter. Central Bank & Trust Co. now owns 867,890 shares of the company’s stock worth $21,706,000 after purchasing an additional 201,940 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 93.2% in the third quarter. Sanctuary Advisors LLC now owns 355,837 shares of the company’s stock valued at $8,835,000 after buying an additional 171,643 shares during the period. HighTower Advisors LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth approximately $3,050,000. Jane Street Group LLC increased its stake in Franklin Dynamic Municipal Bond ETF by 175.1% during the 3rd quarter. Jane Street Group LLC now owns 155,451 shares of the company’s stock worth $3,888,000 after acquiring an additional 98,954 shares during the period. Finally, One Degree Advisors Inc acquired a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at $1,186,000.
Franklin Dynamic Municipal Bond ETF Trading Up 0.3 %
NYSEARCA:FLMI opened at $24.61 on Thursday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $24.06 and a fifty-two week high of $25.38. The stock has a fifty day moving average price of $24.58 and a 200-day moving average price of $24.70.
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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