Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) shares fell 0.2% on Monday . The stock traded as low as $20.81 and last traded at $20.83. 31,375 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 48,582 shares. The stock had previously closed at $20.88.
Franklin Investment Grade Corporate ETF Stock Up 1.1 %
The company’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $21.54.
Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of FLCO. Sanctuary Advisors LLC acquired a new stake in shares of Franklin Investment Grade Corporate ETF in the second quarter valued at $238,000. MML Investors Services LLC grew its holdings in Franklin Investment Grade Corporate ETF by 44.0% during the 3rd quarter. MML Investors Services LLC now owns 29,254 shares of the company’s stock worth $646,000 after acquiring an additional 8,934 shares during the last quarter. Atria Investments Inc acquired a new stake in Franklin Investment Grade Corporate ETF in the 3rd quarter valued at about $1,063,000. JPMorgan Chase & Co. increased its position in Franklin Investment Grade Corporate ETF by 13,393.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 48,713 shares of the company’s stock valued at $1,076,000 after acquiring an additional 48,352 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of Franklin Investment Grade Corporate ETF in the third quarter worth about $1,899,000.
Franklin Investment Grade Corporate ETF Company 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.
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