Truist Financial Corp Has $565,000 Position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

Truist Financial Corp boosted its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 66.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,137 shares of the company’s stock after purchasing an additional 9,236 shares during the period. Truist Financial Corp owned about 0.27% of Franklin Dynamic Municipal Bond ETF worth $565,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at approximately $56,000. International Assets Investment Management LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter valued at about $204,000. RFG Advisory LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth approximately $260,000. Avantax Advisory Services Inc. bought a new position in Franklin Dynamic Municipal Bond ETF in the first quarter worth $275,000. Finally, TrueWealth Advisors LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 48.3% during the 2nd quarter. TrueWealth Advisors LLC now owns 12,719 shares of the company’s stock worth $310,000 after acquiring an additional 4,143 shares during the period.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA:FLMI opened at $24.87 on Wednesday. Franklin Dynamic Municipal Bond ETF has a 12-month low of $22.50 and a 12-month high of $25.50. The firm has a 50-day moving average price of $24.82 and a 200 day moving average price of $24.52.

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.