Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Strong Trading Volume – Here’s What Happened

Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw unusually-high trading volume on Thursday . Approximately 853,770 shares changed hands during trading, an increase of 685% from the previous session’s volume of 108,754 shares.The stock last traded at $21.42 and had previously closed at $21.38.

Franklin Investment Grade Corporate ETF Price Performance

The firm has a 50 day simple moving average of $21.53 and a 200-day simple moving average of $21.68.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 21.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $58,000 after buying an additional 463 shares during the period. Osaic Holdings Inc. raised 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 valued at $463,000 after acquiring an additional 553 shares during the period. HighTower Advisors LLC lifted its position in Franklin Investment Grade Corporate ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after acquiring an additional 954 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Franklin Investment Grade Corporate ETF by 30.0% during the fourth quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock worth $177,000 after purchasing an additional 1,891 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Franklin Investment Grade Corporate ETF by 9.4% during the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock worth $553,000 after purchasing an additional 2,203 shares during the period.

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.