JPMorgan Chase & Co. Boosts Holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

JPMorgan Chase & Co. raised its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,634 shares of the company’s stock after acquiring an additional 18,867 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.71% of Franklin Dynamic Municipal Bond ETF worth $5,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sigma Planning Corp purchased a new stake in Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth about $238,000. CWM LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 592.5% in the third quarter. CWM LLC now owns 10,007 shares of the company’s stock worth $250,000 after purchasing an additional 8,562 shares in the last quarter. TrueWealth Advisors LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 24.9% in the third quarter. TrueWealth Advisors LLC now owns 15,891 shares of the company’s stock valued at $397,000 after purchasing an additional 3,172 shares during the period. Atria Investments Inc raised its position in shares of Franklin Dynamic Municipal Bond ETF by 13.2% in the third quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock valued at $423,000 after purchasing an additional 1,974 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 66.4% during the 2nd quarter. Truist Financial Corp now owns 23,137 shares of the company’s stock valued at $565,000 after buying an additional 9,236 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Down 0.2 %

Franklin Dynamic Municipal Bond ETF stock opened at $24.37 on Friday. The firm has a 50 day simple moving average of $24.64 and a 200 day simple moving average of $24.69. Franklin Dynamic Municipal Bond ETF has a 1-year low of $24.06 and a 1-year high of $25.50.

Franklin Dynamic Municipal Bond ETF 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.