Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $20.60 and last traded at $20.59, with a volume of 33196 shares trading hands. The stock had previously closed at $20.76.
Franklin Investment Grade Corporate ETF Stock Performance
The business’s 50 day moving average price is $20.94 and its 200-day moving average price is $21.23.
Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF
Several hedge funds have recently bought and sold shares of the stock. RFG Advisory LLC acquired a new position in shares of Franklin Investment Grade Corporate ETF in the second quarter valued at approximately $1,097,000. Compound Planning Inc. lifted its holdings in Franklin Investment Grade Corporate ETF by 22.2% during the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after purchasing an additional 10,214 shares during the last quarter. Cetera Investment Advisers boosted its stake in Franklin Investment Grade Corporate ETF by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock valued at $2,453,000 after purchasing an additional 23,158 shares during the period. Sequent Planning LLC boosted its stake in Franklin Investment Grade Corporate ETF by 11.2% in the 1st quarter. Sequent Planning LLC now owns 129,939 shares of the company’s stock valued at $2,783,000 after purchasing an additional 13,118 shares during the period. Finally, Citadel Advisors LLC grew its holdings in Franklin Investment Grade Corporate ETF by 49.5% in the 2nd quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock valued at $3,794,000 after buying an additional 58,586 shares in the last quarter.
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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