Central Bank & Trust Co. Sells 117,717 Shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Central Bank & Trust Co. decreased its stake in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 750,173 shares of the company’s stock after selling 117,717 shares during the period. Franklin Dynamic Municipal Bond ETF accounts for 2.8% of Central Bank & Trust Co.’s investment portfolio, making the stock its 5th largest holding. Central Bank & Trust Co. owned about 8.88% of Franklin Dynamic Municipal Bond ETF worth $18,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FLMI. Stifel Financial Corp boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 119.1% in the 3rd quarter. Stifel Financial Corp now owns 24,434 shares of the company’s stock valued at $611,000 after purchasing an additional 13,281 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 228,634 shares of the company’s stock valued at $5,718,000 after acquiring an additional 18,867 shares during the period. Atria Investments Inc grew its position in shares of Franklin Dynamic Municipal Bond ETF by 13.2% during the third quarter. Atria Investments Inc now owns 16,911 shares of the company’s stock worth $423,000 after acquiring an additional 1,974 shares during the last quarter. Private Advisor Group LLC raised its position in Franklin Dynamic Municipal Bond ETF by 80.5% in the 3rd quarter. Private Advisor Group LLC now owns 72,359 shares of the company’s stock valued at $1,810,000 after purchasing an additional 32,275 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Franklin Dynamic Municipal Bond ETF by 57.6% during the 4th quarter. GAMMA Investing LLC now owns 63,401 shares of the company’s stock worth $1,549,000 after purchasing an additional 23,174 shares during the period.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.44 on Tuesday. Franklin Dynamic Municipal Bond ETF has a 1 year low of $24.06 and a 1 year high of $25.38. The company’s fifty day moving average is $24.63 and its two-hundred day moving average is $24.70.

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.