Franklin Resources Inc. Sells 2,585,169 Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)

Franklin Resources Inc. decreased its position in shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,235,512 shares of the company’s stock after selling 2,585,169 shares during the quarter. Franklin U.S. Core Bond ETF comprises 0.7% of Franklin Resources Inc.’s holdings, making the stock its 24th largest holding. Franklin Resources Inc. owned 88.32% of Franklin U.S. Core Bond ETF worth $1,309,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. bought a new stake in shares of Franklin U.S. Core Bond ETF during the first quarter valued at approximately $218,000. CENTRAL TRUST Co boosted its position in shares of Franklin U.S. Core Bond ETF by 83.5% during the third quarter. CENTRAL TRUST Co now owns 18,716 shares of the company’s stock valued at $393,000 after buying an additional 8,514 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Franklin U.S. Core Bond ETF during the fourth quarter valued at approximately $401,000. Mariner LLC purchased a new position in shares of Franklin U.S. Core Bond ETF during the fourth quarter valued at approximately $456,000. Finally, Clearbridge Investments LLC purchased a new position in shares of Franklin U.S. Core Bond ETF during the first quarter valued at approximately $563,000.

Franklin U.S. Core Bond ETF Stock Down 0.4 %

Shares of NYSEARCA:FLCB traded down $0.08 during mid-day trading on Friday, hitting $20.97. 142,116 shares of the company traded hands, compared to its average volume of 149,111. Franklin U.S. Core Bond ETF has a 12-month low of $20.35 and a 12-month high of $22.01. The stock has a 50-day moving average price of $21.17 and a two-hundred day moving average price of $21.40.

Franklin U.S. Core Bond ETF 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.