Massmutual Trust Co. FSB ADV acquired a new position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 31,347 shares of the company’s stock, valued at approximately $784,000. Massmutual Trust Co. FSB ADV owned 0.37% of Franklin Dynamic Municipal Bond ETF at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new stake in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth $53,000. GAMMA Investing LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the first quarter worth about $56,000. Pineridge Advisors LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $135,000. International Assets Investment Management LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth about $204,000. Finally, RFG Advisory LLC purchased a new position in Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at about $260,000.
Franklin Dynamic Municipal Bond ETF Trading Down 0.4 %
Shares of FLMI opened at $24.88 on Friday. The stock has a 50 day moving average price of $24.80 and a 200 day moving average price of $24.50. Franklin Dynamic Municipal Bond ETF has a one year low of $22.50 and a one year high of $25.50.
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.
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