TruWealth Advisors LLC Purchases 174,006 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

TruWealth Advisors LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,577 shares of the company’s stock after purchasing an additional 174,006 shares during the period. TruWealth Advisors LLC owned approximately 1.14% of Franklin Dynamic Municipal Bond ETF worth $15,135,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at $25,000. BOKF NA acquired a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. acquired a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at approximately $62,000. Mpwm Advisory Solutions LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter valued at $63,000. Finally, NewEdge Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the first quarter valued at $100,000.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $24.75 on Friday. Franklin Dynamic Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $25.46. The company’s fifty day moving average is $25.14 and its 200 day moving average is $24.93.

Franklin Dynamic Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.0748 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.