Franklin Investment Grade Corporate ETF $FLCO Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 15,683,999 shares of the company’s stock after selling 60,174 shares during the period. Franklin Resources Inc. owned approximately 0.61% of Franklin Investment Grade Corporate ETF worth $343,166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequent Planning LLC purchased a new position in Franklin Investment Grade Corporate ETF in the third quarter valued at approximately $2,301,000. Hantz Financial Services Inc. lifted its position in Franklin Investment Grade Corporate ETF by 1.5% during the third quarter. Hantz Financial Services Inc. now owns 5,188,386 shares of the company’s stock valued at $113,522,000 after buying an additional 78,004 shares in the last quarter. Bank of America Corp DE grew its stake in Franklin Investment Grade Corporate ETF by 7.6% during the second quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock worth $20,347,000 after buying an additional 66,524 shares during the period. Benjamin Edwards Inc. increased its position in shares of Franklin Investment Grade Corporate ETF by 20.9% in the third quarter. Benjamin Edwards Inc. now owns 278,192 shares of the company’s stock worth $6,087,000 after acquiring an additional 48,138 shares in the last quarter. Finally, Compound Planning Inc. acquired a new stake in shares of Franklin Investment Grade Corporate ETF in the third quarter worth $925,000.

Franklin Investment Grade Corporate ETF Price Performance

Shares of FLCO stock opened at $21.47 on Thursday. The company’s fifty day simple moving average is $21.72 and its 200-day simple moving average is $21.77. Franklin Investment Grade Corporate ETF has a 52 week low of $20.59 and a 52 week high of $22.10.

Franklin Investment Grade Corporate ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.0726 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

Franklin Investment Grade Corporate ETF Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.