Jones Financial Companies Lllp Has $4.11 Million Stock Holdings in Franklin Dynamic Municipal Bond ETF $FLMI

Jones Financial Companies Lllp grew its holdings in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 39.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,372 shares of the company’s stock after acquiring an additional 46,743 shares during the quarter. Jones Financial Companies Lllp’s holdings in Franklin Dynamic Municipal Bond ETF were worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth approximately $30,000. Assetmark Inc. bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the second quarter worth $60,000. NewEdge Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the first quarter valued at $100,000. SouthState Corp raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 31.2% in the second quarter. SouthState Corp now owns 4,532 shares of the company’s stock valued at $110,000 after buying an additional 1,078 shares during the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth about $200,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.0%

Shares of FLMI stock opened at $25.15 on Friday. The stock has a 50-day moving average price of $24.94 and a 200 day moving average price of $24.70. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.05 and a 12 month high of $25.17.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.0762 per share. This is a boost from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.