Farther Finance Advisors LLC Takes Position in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)

Farther Finance Advisors LLC bought a new stake in shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,237 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Franklin U.S. Core Bond ETF by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,434,337 shares of the company’s stock valued at $30,250,000 after acquiring an additional 87,618 shares during the last quarter. Convergence Financial LLC purchased a new stake in Franklin U.S. Core Bond ETF during the 4th quarter valued at $25,483,000. Envestnet Asset Management Inc. raised its holdings in Franklin U.S. Core Bond ETF by 4.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,007,636 shares of the company’s stock valued at $21,251,000 after buying an additional 43,559 shares during the period. JPMorgan Chase & Co. raised its holdings in Franklin U.S. Core Bond ETF by 8.8% during the 4th quarter. JPMorgan Chase & Co. now owns 884,692 shares of the company’s stock valued at $18,658,000 after buying an additional 71,517 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Franklin U.S. Core Bond ETF by 26.3% during the 4th quarter. Jones Financial Companies Lllp now owns 484,202 shares of the company’s stock valued at $10,212,000 after buying an additional 100,751 shares during the period.

Franklin U.S. Core Bond ETF Stock Performance

NYSEARCA:FLCB opened at $21.28 on Thursday. The stock’s fifty day moving average is $21.21 and its 200 day moving average is $21.24. Franklin U.S. Core Bond ETF has a fifty-two week low of $20.80 and a fifty-two week high of $22.17.

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.