TruWealth Advisors LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 97.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 434,571 shares of the company’s stock after purchasing an additional 214,306 shares during the quarter. TruWealth Advisors LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $10,764,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth $30,000. Assetmark Inc. bought a new stake in Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at $60,000. NewEdge Advisors LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at $100,000. SouthState Corp raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 31.2% in the 2nd quarter. SouthState Corp now owns 4,532 shares of the company’s stock valued at $110,000 after buying an additional 1,078 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth about $200,000.
Franklin Dynamic Municipal Bond ETF Trading Up 0.1%
Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.85 on Tuesday. The firm’s 50-day simple moving average is $24.89 and its 200-day simple moving average is $24.48. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $25.04.
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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