Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report)’s share price was down 0.1% during mid-day trading on Wednesday . The company traded as low as $21.67 and last traded at $21.70. Approximately 21,070 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 78,191 shares. The stock had previously closed at $21.72.
Franklin Investment Grade Corporate ETF Stock Performance
The stock’s 50-day moving average price is $21.82 and its 200-day moving average price is $21.65.
Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF
A number of large investors have recently added to or reduced their stakes in FLCO. PNC Financial Services Group Inc. increased its holdings in Franklin Investment Grade Corporate ETF by 37.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,444 shares of the company’s stock valued at $52,000 after acquiring an additional 672 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Franklin Investment Grade Corporate ETF by 22.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 187,734 shares of the company’s stock worth $4,052,000 after purchasing an additional 34,458 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Franklin Investment Grade Corporate ETF by 5.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 5,110,382 shares of the company’s stock worth $110,308,000 after purchasing an additional 277,363 shares during the last quarter. Cetera Investment Advisers lifted its stake in Franklin Investment Grade Corporate ETF by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after buying an additional 2,203 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new stake in Franklin Investment Grade Corporate ETF in the 2nd quarter valued at approximately $109,000.
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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