Franklin Dynamic Municipal Bond ETF $FLMI Position Reduced by Central Bank & Trust Co.

Central Bank & Trust Co. trimmed its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 5.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 705,199 shares of the company’s stock after selling 36,732 shares during the period. Franklin Dynamic Municipal Bond ETF comprises approximately 2.8% of Central Bank & Trust Co.’s portfolio, making the stock its 6th biggest holding. Central Bank & Trust Co.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $17,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FLMI. Ameritas Advisory Services LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the second quarter valued at $30,000. Assetmark Inc. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth about $60,000. NewEdge Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter worth about $100,000. SouthState Corp grew its position in shares of Franklin Dynamic Municipal Bond ETF by 31.2% during the 2nd quarter. SouthState Corp now owns 4,532 shares of the company’s stock valued at $110,000 after acquiring an additional 1,078 shares during the period. Finally, DAVENPORT & Co LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at about $200,000.

Franklin Dynamic Municipal Bond ETF Stock Down 0.3%

NYSEARCA FLMI opened at $24.82 on Friday. The stock has a 50-day moving average of $24.90 and a 200 day moving average of $24.49. 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.