Sequent Planning LLC Takes $16.77 Million Position in Franklin U.S. Core Bond ETF $FLCB

Sequent Planning LLC purchased a new stake in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 772,294 shares of the company’s stock, valued at approximately $16,774,000. Franklin U.S. Core Bond ETF comprises about 4.8% of Sequent Planning LLC’s investment portfolio, making the stock its 3rd biggest position. Sequent Planning LLC owned about 0.61% of Franklin U.S. Core Bond ETF at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Franklin U.S. Core Bond ETF in the 3rd quarter valued at $38,000. CWM LLC acquired a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter worth $50,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Franklin U.S. Core Bond ETF during the 3rd quarter worth $52,000. Truist Financial Corp purchased a new position in shares of Franklin U.S. Core Bond ETF during the 3rd quarter worth $228,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of Franklin U.S. Core Bond ETF during the 3rd quarter valued at about $303,000.

Franklin U.S. Core Bond ETF Price Performance

Shares of FLCB opened at $21.68 on Friday. Franklin U.S. Core Bond ETF has a 12-month low of $20.89 and a 12-month high of $21.96. The firm has a 50-day moving average price of $21.72 and a 200 day moving average price of $21.71.

Franklin U.S. Core Bond ETF Cuts Dividend

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

Franklin U.S. Core Bond ETF Company Profile

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.