PNC Financial Services Group Inc. Buys 48,197 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

PNC Financial Services Group Inc. raised its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 155.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,103 shares of the company’s stock after purchasing an additional 48,197 shares during the quarter. PNC Financial Services Group Inc. owned 0.12% of Franklin Dynamic Municipal Bond ETF worth $1,967,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Members Advisory Group LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 3.1% in the 4th quarter. Members Advisory Group LLC now owns 15,808 shares of the company’s stock valued at $393,000 after purchasing an additional 473 shares in the last quarter. Wayfinding Financial LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 0.7% in the 3rd quarter. Wayfinding Financial LLC now owns 80,898 shares of the company’s stock valued at $2,003,000 after purchasing an additional 550 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 1.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 35,467 shares of the company’s stock valued at $879,000 after purchasing an additional 575 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 1.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 33,329 shares of the company’s stock valued at $826,000 after purchasing an additional 624 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 4.1% in the 3rd quarter. First Heartland Consultants Inc. now owns 15,935 shares of the company’s stock valued at $395,000 after purchasing an additional 626 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Up 0.2%

Shares of FLMI stock opened at $24.97 on Thursday. The stock’s fifty day moving average price is $24.88 and its two-hundred day moving average price is $24.97. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.94 and a fifty-two week high of $25.46.

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.