Bank of New York Mellon Corp Buys 93,595 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Bank of New York Mellon Corp lifted its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 24.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,030 shares of the company’s stock after buying an additional 93,595 shares during the quarter. Bank of New York Mellon Corp owned about 0.60% of Franklin Dynamic Municipal Bond ETF worth $11,627,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 27.4% in the 4th quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock valued at $119,541,000 after purchasing an additional 1,034,603 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Franklin Dynamic Municipal Bond ETF by 4.1% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,366,025 shares of the company’s stock valued at $58,843,000 after buying an additional 93,813 shares during the last quarter. Ameriprise Financial Inc. increased its position in Franklin Dynamic Municipal Bond ETF by 93.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock valued at $50,767,000 after purchasing an additional 987,594 shares during the period. Meeder Advisory Services Inc. increased its position in shares of Franklin Dynamic Municipal Bond ETF by 9.0% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,892,928 shares of the company’s stock worth $47,077,000 after buying an additional 155,902 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Franklin Dynamic Municipal Bond ETF by 75.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock worth $38,075,000 after buying an additional 660,284 shares during the period.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA FLMI opened at $24.66 on Friday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $24.01 and a twelve month high of $25.46. The firm has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $25.00.

Franklin Dynamic Municipal Bond ETF Company 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.