Franklin Resources Inc. Sells 1,492,904 Shares of Franklin U.S. Core Bond ETF $FLCB

Franklin Resources Inc. cut its position in shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCBFree Report) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,994,411 shares of the company’s stock after selling 1,492,904 shares during the period. Franklin Resources Inc. owned approximately 0.63% of Franklin U.S. Core Bond ETF worth $1,737,479,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Franklin U.S. Core Bond ETF by 6.6% in the 1st quarter. Royal Bank of Canada now owns 60,053 shares of the company’s stock worth $1,291,000 after purchasing an additional 3,707 shares during the period. NewEdge Advisors LLC boosted its position in shares of Franklin U.S. Core Bond ETF by 1,614.2% during the first quarter. NewEdge Advisors LLC now owns 37,506 shares of the company’s stock valued at $806,000 after buying an additional 35,318 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Franklin U.S. Core Bond ETF by 10.4% during the second quarter. Bank of New York Mellon Corp now owns 1,657,729 shares of the company’s stock valued at $35,674,000 after buying an additional 156,344 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Franklin U.S. Core Bond ETF by 4.4% during the second quarter. CENTRAL TRUST Co now owns 164,623 shares of the company’s stock valued at $3,543,000 after buying an additional 6,890 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Franklin U.S. Core Bond ETF by 1.3% in the second quarter. Cetera Investment Advisers now owns 468,535 shares of the company’s stock worth $10,083,000 after buying an additional 5,974 shares during the period.

Franklin U.S. Core Bond ETF Price Performance

Shares of FLCB stock opened at $21.67 on Wednesday. Franklin U.S. Core Bond ETF has a 52-week low of $20.89 and a 52-week high of $21.96. The stock has a 50 day moving average price of $21.72 and a 200 day moving average price of $21.72.

Franklin U.S. Core Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.0663 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd.

Franklin U.S. Core Bond ETF Profile

(Free Report)

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.

Further Reading

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Institutional Ownership by Quarter for Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)

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