Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 35.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,719 shares of the company’s stock after buying an additional 39,707 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Franklin Dynamic Municipal Bond ETF were worth $3,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 0.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 150,768 shares of the company’s stock worth $3,679,000 after acquiring an additional 616 shares during the period. SFG Wealth Management LLC. grew its holdings in Franklin Dynamic Municipal Bond ETF by 3.8% in the second quarter. SFG Wealth Management LLC. now owns 29,434 shares of the company’s stock valued at $718,000 after purchasing an additional 1,083 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Franklin Dynamic Municipal Bond ETF by 2.1% in the third quarter. Redhawk Wealth Advisors Inc. now owns 60,206 shares of the company’s stock valued at $1,506,000 after buying an additional 1,214 shares in the last quarter. Cedar Point Capital Partners LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 3.6% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 36,427 shares of the company’s stock worth $911,000 after buying an additional 1,251 shares during the last quarter. Finally, Leeward Financial Partners LLC boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 2.8% in the 3rd quarter. Leeward Financial Partners LLC now owns 60,936 shares of the company’s stock worth $1,524,000 after buying an additional 1,687 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA FLMI opened at $24.83 on Monday. The company’s 50-day moving average price is $24.79 and its 200 day moving average price is $24.62. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.44 and a 52 week high of $25.50.

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.