Royal Bank of Canada Buys 48,604 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Royal Bank of Canada grew its position in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 114.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,213 shares of the company’s stock after purchasing an additional 48,604 shares during the period. Royal Bank of Canada owned about 0.12% of Franklin Dynamic Municipal Bond ETF worth $2,262,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth about $25,000. Rockefeller Capital Management L.P. acquired a new position in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at about $42,000. BOKF NA acquired a new position in Franklin Dynamic Municipal Bond ETF in the third quarter valued at about $44,000. Greenline Wealth Management LLC bought a new stake in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth about $52,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth about $62,000.

Franklin Dynamic Municipal Bond ETF Stock Down 0.3%

NYSEARCA FLMI opened at $24.65 on Tuesday. The company has a 50 day moving average of $24.90 and a 200-day moving average of $24.97. Franklin Dynamic Municipal Bond ETF has a 1-year low of $24.05 and a 1-year high of $25.46.

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.