Royal Bank of Canada Cuts Holdings in Franklin Ultra Short Bond ETF $FLUD

Royal Bank of Canada lessened its holdings in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) by 69.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,087 shares of the company’s stock after selling 119,638 shares during the period. Royal Bank of Canada owned approximately 0.51% of Franklin Ultra Short Bond ETF worth $1,302,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FLUD. Kestra Private Wealth Services LLC purchased a new stake in shares of Franklin Ultra Short Bond ETF in the first quarter worth approximately $5,378,000. LPL Financial LLC grew its position in shares of Franklin Ultra Short Bond ETF by 57.3% in the 4th quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock worth $4,397,000 after buying an additional 64,095 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Franklin Ultra Short Bond ETF during the fourth quarter worth $999,000. Jane Street Group LLC acquired a new position in Franklin Ultra Short Bond ETF during the 4th quarter valued at about $816,000. Finally, CacheTech Inc. acquired a new position in shares of Franklin Ultra Short Bond ETF during the fourth quarter valued at about $739,000.

Franklin Ultra Short Bond ETF Stock Down 0.0%

NYSEARCA FLUD opened at $25.00 on Friday. The company has a fifty day simple moving average of $24.99 and a two-hundred day simple moving average of $25.00. Franklin Ultra Short Bond ETF has a 12-month low of $24.88 and a 12-month high of $25.50.

Franklin Ultra Short Bond ETF Company Profile

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.