Meeder Advisory Services Inc. Buys 143,597 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Meeder Advisory Services Inc. grew its stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 9.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,737,026 shares of the company’s stock after acquiring an additional 143,597 shares during the period. Franklin Dynamic Municipal Bond ETF comprises about 2.0% of Meeder Advisory Services Inc.’s holdings, making the stock its 10th biggest position. Meeder Advisory Services Inc.’s holdings in Franklin Dynamic Municipal Bond ETF were worth $43,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FLMI. Osaic Holdings Inc. lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 192.0% in the second quarter. Osaic Holdings Inc. now owns 383,845 shares of the company’s stock valued at $9,312,000 after purchasing an additional 252,383 shares in the last quarter. Prentice Wealth Management LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 11.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 208,084 shares of the company’s stock worth $5,154,000 after purchasing an additional 21,735 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Franklin Dynamic Municipal Bond ETF by 20.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 65,657 shares of the company’s stock valued at $1,593,000 after buying an additional 11,078 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in Franklin Dynamic Municipal Bond ETF by 4.9% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,272,212 shares of the company’s stock valued at $56,283,000 after buying an additional 106,121 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in Franklin Dynamic Municipal Bond ETF by 56.1% during the 2nd quarter. Truist Financial Corp now owns 62,084 shares of the company’s stock valued at $1,506,000 after buying an additional 22,302 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA FLMI opened at $25.01 on Monday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.04. The business has a fifty day moving average of $24.88 and a 200-day moving average of $24.58.

Franklin Dynamic Municipal Bond ETF 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.