Envestnet Asset Management Inc. increased its stake in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB – Free Report) by 17.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,178,970 shares of the company’s stock after acquiring an additional 171,334 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.99% of Franklin U.S. Core Bond ETF worth $25,342,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLCB. Raymond James Financial Inc. acquired a new position in Franklin U.S. Core Bond ETF in the fourth quarter valued at about $1,114,000. Commonwealth Equity Services LLC lifted its position in Franklin U.S. Core Bond ETF by 60.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 50,412 shares of the company’s stock valued at $1,063,000 after buying an additional 18,936 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Franklin U.S. Core Bond ETF by 41.3% during the fourth quarter. Natixis Advisors LLC now owns 23,083 shares of the company’s stock worth $487,000 after purchasing an additional 6,744 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Franklin U.S. Core Bond ETF by 6.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 169,251 shares of the company’s stock worth $3,570,000 after purchasing an additional 10,963 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Franklin U.S. Core Bond ETF by 8.8% during the fourth quarter. JPMorgan Chase & Co. now owns 884,692 shares of the company’s stock worth $18,658,000 after buying an additional 71,517 shares during the period.
Franklin U.S. Core Bond ETF Trading Down 0.3%
Shares of Franklin U.S. Core Bond ETF stock opened at $21.20 on Wednesday. The firm’s 50 day moving average is $21.25 and its two-hundred day moving average is $21.25. Franklin U.S. Core Bond ETF has a 52 week low of $20.80 and a 52 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.
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