Hantz Financial Services Inc. Increases Position in Franklin Investment Grade Corporate ETF $FLCO

Hantz Financial Services Inc. boosted its holdings in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 1.5% during the third quarter, HoldingsChannel.com reports. The firm owned 5,188,386 shares of the company’s stock after purchasing an additional 78,004 shares during the period. Franklin Investment Grade Corporate ETF makes up approximately 1.7% of Hantz Financial Services Inc.’s holdings, making the stock its 11th largest holding. Hantz Financial Services Inc. owned approximately 0.20% of Franklin Investment Grade Corporate ETF worth $113,522,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp increased its position in shares of Franklin Investment Grade Corporate ETF by 4.4% in the third quarter. Truist Financial Corp now owns 133,390 shares of the company’s stock valued at $2,919,000 after buying an additional 5,624 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Franklin Investment Grade Corporate ETF by 20.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 278,192 shares of the company’s stock valued at $6,087,000 after acquiring an additional 48,138 shares during the period. Osaic Holdings Inc. increased its holdings 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 worth $463,000 after acquiring an additional 553 shares in the last quarter. MML Investors Services LLC raised its position in Franklin Investment Grade Corporate ETF by 70.7% during the second quarter. MML Investors Services LLC now owns 62,574 shares of the company’s stock worth $1,351,000 after acquiring an additional 25,925 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Franklin Investment Grade Corporate ETF by 7.6% during the second quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock valued at $20,347,000 after purchasing an additional 66,524 shares in the last quarter.

Franklin Investment Grade Corporate ETF Price Performance

FLCO stock opened at $21.61 on Wednesday. The firm has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $21.74. Franklin Investment Grade Corporate ETF has a 52 week low of $20.59 and a 52 week high of $22.10.

Franklin Investment Grade Corporate ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.0729 per share. This is an increase from Franklin Investment Grade Corporate ETF’s previous monthly dividend of $0.07. The ex-dividend date is 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.