Sequent Planning LLC Acquires Shares of 105,152 Franklin Investment Grade Corporate ETF $FLCO

Sequent Planning LLC bought a new position in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 105,152 shares of the company’s stock, valued at approximately $2,301,000.

Several other hedge funds also recently made changes to their positions in FLCO. PNC Financial Services Group Inc. increased its holdings in shares of 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 acquiring an additional 463 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Franklin Investment Grade Corporate ETF during the 2nd quarter valued at approximately $109,000. Osaic Holdings Inc. lifted its stake in 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 purchasing an additional 553 shares during the last quarter. Cetera Investment Advisers lifted its stake in Franklin Investment Grade Corporate ETF by 9.4% during the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock worth $553,000 after purchasing an additional 2,203 shares during the last quarter. Finally, Compound Planning Inc. acquired a new position in Franklin Investment Grade Corporate ETF in the third quarter worth $925,000.

Franklin Investment Grade Corporate ETF Trading Down 0.2%

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

Franklin Investment Grade Corporate ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.0726 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%.

About Franklin Investment Grade Corporate ETF

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.