Envestnet Portfolio Solutions Inc. Cuts Stake in Franklin U.S. Core Bond ETF $FLCB

Envestnet Portfolio Solutions Inc. lessened its position in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) by 44.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,226 shares of the company’s stock after selling 49,581 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Franklin U.S. Core Bond ETF were worth $1,330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter worth $38,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Franklin U.S. Core Bond ETF during the third quarter valued at $303,000. Wilmington Savings Fund Society FSB bought a new stake in Franklin U.S. Core Bond ETF in the 3rd quarter worth about $52,000. MGO One Seven LLC purchased a new position in Franklin U.S. Core Bond ETF in the 3rd quarter worth about $342,000. Finally, Park Avenue Securities LLC lifted its stake in Franklin U.S. Core Bond ETF by 13.2% during the 3rd quarter. Park Avenue Securities LLC now owns 25,640 shares of the company’s stock valued at $557,000 after acquiring an additional 2,990 shares during the period.

Franklin U.S. Core Bond ETF Stock Down 0.1%

Shares of NYSEARCA FLCB opened at $21.68 on Wednesday. The firm’s 50-day moving average price is $21.68 and its 200-day moving average price is $21.64. Franklin U.S. Core Bond ETF has a 52-week low of $20.89 and a 52-week high of $21.95.

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.