Franklin U.S. Core Bond ETF $FLCB Shares Sold by Convergence Financial LLC

Convergence Financial LLC reduced its stake in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) by 29.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 888,788 shares of the company’s stock after selling 366,328 shares during the quarter. Franklin U.S. Core Bond ETF accounts for 2.9% of Convergence Financial LLC’s investment portfolio, making the stock its 9th biggest holding. Convergence Financial LLC owned about 0.71% of Franklin U.S. Core Bond ETF worth $19,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Franklin U.S. Core Bond ETF by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 991,386 shares of the company’s stock valued at $21,533,000 after buying an additional 44,489 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Franklin U.S. Core Bond ETF by 14.9% in the 3rd quarter. CENTRAL TRUST Co now owns 189,203 shares of the company’s stock worth $4,109,000 after acquiring an additional 24,580 shares during the period. Atria Investments Inc boosted its holdings in shares of Franklin U.S. Core Bond ETF by 79.4% in the third quarter. Atria Investments Inc now owns 174,200 shares of the company’s stock valued at $3,784,000 after acquiring an additional 77,107 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of Franklin U.S. Core Bond ETF during the third quarter worth about $4,379,000. Finally, Envestnet Asset Management Inc. raised its holdings in Franklin U.S. Core Bond ETF by 0.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,176,604 shares of the company’s stock worth $25,556,000 after purchasing an additional 9,610 shares in the last quarter.

Franklin U.S. Core Bond ETF Stock Performance

Shares of NYSEARCA:FLCB opened at $21.85 on Friday. Franklin U.S. Core Bond ETF has a 52 week low of $20.89 and a 52 week high of $21.95. The company has a 50-day moving average price of $21.68 and a 200 day moving average price of $21.68.

Franklin U.S. Core Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.0808 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.4%. This is an increase from Franklin U.S. Core Bond ETF’s previous monthly dividend of $0.07.

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.