Thrivent Financial for Lutherans Acquires Shares of 170,387 Franklin Dynamic Municipal Bond ETF $FLMI

Thrivent Financial for Lutherans acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 170,387 shares of the company’s stock, valued at approximately $4,238,000.

A number of other hedge funds have also recently bought and sold shares of the business. TrueWealth Financial Partners acquired a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at approximately $380,000. Legacy Financial Advisors Inc. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 20.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 180,570 shares of the company’s stock valued at $4,491,000 after purchasing an additional 30,767 shares in the last quarter. Meridian Wealth Management LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 5.5% in the 4th quarter. Meridian Wealth Management LLC now owns 42,304 shares of the company’s stock valued at $1,052,000 after purchasing an additional 2,213 shares in the last quarter. Buck Wealth Strategies LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at about $838,000. Finally, SFG Wealth Management LLC. grew its stake in Franklin Dynamic Municipal Bond ETF by 18.0% in the fourth quarter. SFG Wealth Management LLC. now owns 58,282 shares of the company’s stock worth $1,449,000 after purchasing an additional 8,878 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Trading Up 0.2%

NYSEARCA:FLMI opened at $24.80 on Friday. Franklin Dynamic Municipal Bond ETF has a one year low of $23.94 and a one year high of $25.46. The stock has a 50-day simple moving average of $24.89 and a 200 day simple moving average of $24.97.

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.