Franklin Investment Grade Corporate ETF $FLCO Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,683,999 shares of the company’s stock after selling 60,174 shares during the quarter. Franklin Resources Inc. owned approximately 60.91% of Franklin Investment Grade Corporate ETF worth $343,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Franklin Investment Grade Corporate ETF by 21.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $58,000 after purchasing an additional 463 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Franklin Investment Grade Corporate ETF by 2.6% during the second quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock worth $463,000 after buying an additional 553 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Franklin Investment Grade Corporate ETF by 9.4% in the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after buying an additional 2,203 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Franklin Investment Grade Corporate ETF by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 93,218 shares of the company’s stock valued at $2,011,000 after buying an additional 3,745 shares during the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Franklin Investment Grade Corporate ETF during the second quarter valued at approximately $109,000.

Franklin Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA FLCO opened at $21.47 on Thursday. Franklin Investment Grade Corporate ETF has a 1 year low of $20.59 and a 1 year high of $22.10. The firm’s 50 day moving average price is $21.72 and its 200 day moving average price is $21.77.

Franklin Investment Grade Corporate ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.0726 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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.