Meeder Advisory Services Inc. increased its holdings in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report) by 25.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,365,948 shares of the company’s stock after acquiring an additional 473,020 shares during the period. Franklin Dynamic Municipal Bond ETF accounts for about 2.5% of Meeder Advisory Services Inc.’s portfolio, making the stock its 8th largest position. Meeder Advisory Services Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $58,652,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth about $25,000. Rockefeller Capital Management L.P. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at approximately $42,000. BOKF NA acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth approximately $44,000. Greenline Wealth Management LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth approximately $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at $62,000.
Franklin Dynamic Municipal Bond ETF Stock Performance
Shares of NYSEARCA:FLMI opened at $24.92 on Monday. The business’s fifty day moving average price is $24.99 and its two-hundred day moving average price is $25.02. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.94 and a fifty-two week high of $25.46.
About Franklin Dynamic Municipal Bond ETF
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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Want to see what other hedge funds are holding FLMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Free Report).
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