Compound Planning Inc. Takes $925,000 Position in Franklin Investment Grade Corporate ETF $FLCO

Compound Planning Inc. bought a new stake in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 42,260 shares of the company’s stock, valued at approximately $925,000. Compound Planning Inc. owned approximately 0.16% of Franklin Investment Grade Corporate ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in shares of Franklin Investment Grade Corporate ETF by 21.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $58,000 after acquiring an additional 463 shares in the last quarter. Osaic Holdings Inc. raised its stake in Franklin Investment Grade Corporate ETF by 2.6% in the 2nd quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock valued at $463,000 after purchasing an additional 553 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Franklin Investment Grade Corporate ETF by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after purchasing an additional 2,203 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Franklin Investment Grade Corporate ETF by 4.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 93,218 shares of the company’s stock valued at $2,011,000 after purchasing an additional 3,745 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Franklin Investment Grade Corporate ETF during the 2nd quarter worth about $109,000.

Franklin Investment Grade Corporate ETF Price Performance

Shares of FLCO opened at $21.89 on Friday. Franklin Investment Grade Corporate ETF has a 1 year low of $20.59 and a 1 year high of $22.10. The company’s 50 day simple moving average is $21.72 and its 200 day simple moving average is $21.76.

Franklin Investment Grade Corporate ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.0729 dividend. This is a positive change from Franklin Investment Grade Corporate ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.0%.

Franklin Investment Grade Corporate ETF Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.