Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $20.72 and last traded at $20.8490, with a volume of 36599 shares trading hands. The stock had previously closed at $20.84.
Franklin Investment Grade Corporate ETF Stock Performance
The stock has a 50 day moving average price of $21.06 and a 200 day moving average price of $21.32.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MGO One Seven LLC bought a new stake in shares of Franklin Investment Grade Corporate ETF in the 4th quarter worth approximately $583,000. Sanctuary Advisors LLC lifted its stake in Franklin Investment Grade Corporate ETF by 10.3% in the first quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock valued at $8,979,000 after purchasing an additional 39,008 shares during the last quarter. Hantz Financial Services Inc. grew 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 valued at $116,258,000 after purchasing an additional 181,499 shares during the period. Bank of America Corp DE grew its holdings 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 valued at $21,200,000 after purchasing an additional 32,807 shares during the period. Finally, Citadel Advisors LLC increased its position in Franklin Investment Grade Corporate ETF by 49.5% in the second quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock worth $3,794,000 after buying an additional 58,586 shares during the last quarter.
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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