Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Stake Boosted by Private Trust Co. NA

Private Trust Co. NA increased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 35.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,302 shares of the company’s stock after purchasing an additional 4,780 shares during the quarter. Private Trust Co. NA owned approximately 0.07% of Franklin Dynamic Municipal Bond ETF worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in Franklin Dynamic Municipal Bond ETF by 184.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 54,579 shares of the company’s stock worth $1,334,000 after purchasing an additional 35,392 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Franklin Dynamic Municipal Bond ETF by 24.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 139,582 shares of the company’s stock worth $3,411,000 after purchasing an additional 27,036 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth about $11,733,000. Commonwealth Equity Services LLC increased its stake in Franklin Dynamic Municipal Bond ETF by 57.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 128,254 shares of the company’s stock worth $3,134,000 after purchasing an additional 47,046 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Franklin Dynamic Municipal Bond ETF by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 235,496 shares of the company’s stock worth $5,754,000 after purchasing an additional 6,862 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of FLMI opened at $24.18 on Friday. The business’s 50-day moving average price is $24.14 and its 200 day moving average price is $24.32. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.05 and a 1-year high of $25.38.

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.