Central Bank & Trust Co. Purchases 821,764 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Central Bank & Trust Co. purchased a new stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 821,764 shares of the company’s stock, valued at approximately $19,164,000. Franklin Dynamic Municipal Bond ETF comprises about 2.9% of Central Bank & Trust Co.’s holdings, making the stock its 6th biggest holding. Central Bank & Trust Co. owned approximately 0.83% of Franklin Dynamic Municipal Bond ETF as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Rockefeller Capital Management L.P. bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $42,000. Legacy Wealth Managment LLC ID increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 704.8% during the first 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 period. Arkadios Wealth Advisors purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth about $211,000. Fifth Third Bancorp purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth about $230,000. Finally, Gerald Baker Financial Group LLC bought a new stake in Franklin Dynamic Municipal Bond ETF during the first quarter worth about $244,000.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA FLMI traded up $0.10 during mid-day trading on Friday, reaching $23.25. The stock had a trading volume of 1,377,483 shares, compared to its average volume of 890,903. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.04 and a 1 year high of $25.46. The company has a fifty day moving average price of $24.13 and a 200 day moving average price of $24.65.

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.