Franklin Resources Inc. Decreases Stock Position in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)

Franklin Resources Inc. lessened its position in shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,321,458 shares of the company’s stock after selling 3,374,262 shares during the period. Franklin Resources Inc. owned 88.93% of Franklin U.S. Core Bond ETF worth $1,588,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FLCB. World Investment Advisors LLC purchased a new position in shares of Franklin U.S. Core Bond ETF in the third quarter valued at $203,000. B. Riley Wealth Advisors Inc. purchased a new position in Franklin U.S. Core Bond ETF during the 3rd quarter valued at about $260,000. First Citizens Financial Corp bought a new stake in shares of Franklin U.S. Core Bond ETF during the fourth quarter valued at about $308,000. Natixis Advisors LLC lifted its holdings in shares of Franklin U.S. Core Bond ETF by 41.3% in the fourth quarter. Natixis Advisors LLC now owns 23,083 shares of the company’s stock worth $487,000 after buying an additional 6,744 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Franklin U.S. Core Bond ETF by 8.2% in the fourth quarter. Park Avenue Securities LLC now owns 23,110 shares of the company’s stock valued at $487,000 after acquiring an additional 1,755 shares during the period.

Franklin U.S. Core Bond ETF Stock Up 0.6 %

Franklin U.S. Core Bond ETF stock opened at $21.46 on Monday. Franklin U.S. Core Bond ETF has a 1-year low of $20.66 and a 1-year high of $22.17. The firm’s 50 day simple moving average is $21.29 and its 200 day simple moving average is $21.39.

About Franklin U.S. Core Bond ETF

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.