Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Free Report) saw unusually-high trading volume on Wednesday. 835,429 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 810,043 shares. The stock last traded at $23.3850 and had previously closed at $23.13.
Franklin Dynamic Municipal Bond ETF Price Performance
The firm has a 50-day moving average of $24.33 and a 200-day moving average of $24.73.
Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF
Several large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $42,000. Legacy Wealth Managment LLC ID raised its stake in Franklin Dynamic Municipal Bond ETF by 704.8% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,849 shares of the company’s stock valued at $71,000 after buying an additional 2,495 shares during the last quarter. SouthState Bank Corp raised its stake in Franklin Dynamic Municipal Bond ETF by 38.8% during the 4th quarter. SouthState Bank Corp now owns 5,752 shares of the company’s stock valued at $143,000 after buying an additional 1,608 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at $211,000. Finally, Fifth Third Bancorp purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth $230,000.
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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