Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $20.85 and last traded at $20.87, with a volume of 288 shares trading hands. The stock had previously closed at $21.02.
Franklin Investment Grade Corporate ETF Trading Down 0.4%
The stock has a fifty day moving average of $21.12 and a two-hundred day moving average of $21.35.
Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. MGO One Seven LLC purchased a new position in shares of Franklin Investment Grade Corporate ETF in the 4th quarter valued at about $583,000. Sanctuary Advisors LLC boosted its holdings in Franklin Investment Grade Corporate ETF by 10.3% during the first quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock worth $8,979,000 after buying an additional 39,008 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Franklin Investment Grade Corporate ETF by 3.5% during the fourth quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock worth $116,258,000 after buying an additional 181,499 shares in the last quarter. Bank of America Corp DE grew its position in Franklin Investment Grade Corporate ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock worth $21,200,000 after buying an additional 32,807 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Franklin Investment Grade Corporate ETF by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the company’s stock worth $78,000 after buying an additional 940 shares during the period.
About Franklin Investment Grade Corporate ETF
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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