Royal Bank of Canada Acquires 48,604 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Royal Bank of Canada lifted its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 114.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,213 shares of the company’s stock after buying an additional 48,604 shares during the quarter. Royal Bank of Canada’s holdings in Franklin Dynamic Municipal Bond ETF were worth $2,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in Franklin Dynamic Municipal Bond ETF by 0.8% during the 4th quarter. Global Retirement Partners LLC now owns 55,692 shares of the company’s stock worth $1,385,000 after acquiring an additional 427 shares during the last quarter. Members Advisory Group LLC increased its position in Franklin Dynamic Municipal Bond ETF by 3.1% in the 4th quarter. Members Advisory Group LLC now owns 15,808 shares of the company’s stock valued at $393,000 after acquiring an additional 473 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 5.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 16,938 shares of the company’s stock worth $421,000 after acquiring an additional 829 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 2.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 34,220 shares of the company’s stock worth $851,000 after acquiring an additional 891 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Franklin Dynamic Municipal Bond ETF by 6.2% during the first quarter. International Assets Investment Management LLC now owns 15,400 shares of the company’s stock worth $381,000 after purchasing an additional 900 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI opened at $24.65 on Tuesday. Franklin Dynamic Municipal Bond ETF has a one year low of $24.05 and a one year high of $25.46. The company’s 50 day simple moving average is $24.90 and its 200-day simple moving average is $24.97.

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.