Convergence Financial LLC Buys New Shares in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)

Convergence Financial LLC acquired a new stake in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,208,278 shares of the company’s stock, valued at approximately $25,483,000. Franklin U.S. Core Bond ETF comprises about 5.1% of Convergence Financial LLC’s portfolio, making the stock its 5th largest position. Convergence Financial LLC owned about 1.43% of Franklin U.S. Core Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLCB. World Investment Advisors LLC purchased a new position in Franklin U.S. Core Bond ETF during the third quarter worth approximately $203,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Franklin U.S. Core Bond ETF during the 3rd quarter valued at approximately $260,000. First Citizens Financial Corp acquired a new stake in shares of Franklin U.S. Core Bond ETF during the 4th quarter worth about $308,000. Natixis Advisors LLC purchased a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter valued at approximately $360,000. Finally, Park Avenue Securities LLC lifted its stake in Franklin U.S. Core Bond ETF by 8.2% during the fourth quarter. Park Avenue Securities LLC now owns 23,110 shares of the company’s stock worth $487,000 after purchasing an additional 1,755 shares in the last quarter.

Franklin U.S. Core Bond ETF Trading Up 0.2 %

Shares of NYSEARCA:FLCB opened at $21.49 on Thursday. The firm’s 50-day moving average is $21.12 and its two-hundred day moving average is $21.46. Franklin U.S. Core Bond ETF has a 1 year low of $20.66 and a 1 year high of $22.17.

Franklin U.S. Core Bond ETF 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.