Cullen Frost Bankers Inc. Purchases 2,167 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Cullen Frost Bankers Inc. raised its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 16.4% during the second quarter, Holdings Channel reports. The institutional investor owned 15,403 shares of the company’s stock after buying an additional 2,167 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FLMI. Janney Montgomery Scott LLC boosted its position 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 valued at $1,334,000 after buying an additional 35,392 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position 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 valued at $3,411,000 after buying an additional 27,036 shares during the last quarter. International Assets Investment Management LLC boosted its position in Franklin Dynamic Municipal Bond ETF by 40.7% in the 1st quarter. International Assets Investment Management LLC now owns 20,044 shares of the company’s stock valued at $490,000 after buying an additional 5,800 shares during the last quarter. Legacy CG LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at $11,929,000. Finally, Private Trust Co. NA boosted its position in Franklin Dynamic Municipal Bond ETF by 35.3% in the 1st quarter. Private Trust Co. NA now owns 18,302 shares of the company’s stock valued at $447,000 after buying an additional 4,780 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Down 0.0%

Shares of FLMI opened at $24.98 on Friday. The business’s fifty day moving average price is $24.59 and its two-hundred day moving average price is $24.25. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.05 and a 52 week high of $25.38.

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.