Sequent Planning LLC Makes New $2.30 Million Investment in Franklin Investment Grade Corporate ETF $FLCO

Sequent Planning LLC bought a new stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 105,152 shares of the company’s stock, valued at approximately $2,301,000. Sequent Planning LLC owned approximately 0.41% of Franklin Investment Grade Corporate ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Franklin Investment Grade Corporate ETF by 21.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $58,000 after buying an additional 463 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Franklin Investment Grade Corporate ETF in the second quarter valued at $109,000. Osaic Holdings Inc. raised its holdings in Franklin Investment Grade Corporate ETF by 2.6% in the second quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock valued at $463,000 after acquiring an additional 553 shares in the last quarter. Cetera Investment Advisers boosted its stake in Franklin Investment Grade Corporate ETF by 9.4% during the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after acquiring an additional 2,203 shares during the last quarter. Finally, Compound Planning Inc. bought a new position in Franklin Investment Grade Corporate ETF during the 3rd quarter valued at $925,000.

Franklin Investment Grade Corporate ETF Price Performance

Shares of FLCO stock opened at $21.62 on Friday. The firm has a fifty day moving average of $21.73 and a two-hundred day moving average of $21.77. Franklin Investment Grade Corporate ETF has a 1-year low of $20.59 and a 1-year high of $22.10.

Franklin Investment Grade Corporate ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0726 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend 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.