Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) saw unusually-strong trading volume on Friday. 94,286 shares changed hands during trading, an increase of 9% from the previous session’s volume of 86,661 shares. The stock last traded at $20.4150 and had previously closed at $20.45.
Franklin Investment Grade Corporate ETF Stock Down 0.1%
The company has a fifty day moving average price of $20.91 and a 200 day moving average price of $21.22.
Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF
Large investors have recently added to or reduced their stakes in the company. Compound Planning Inc. boosted its position in shares of Franklin Investment Grade Corporate ETF by 22.2% during the first quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock valued at $1,206,000 after purchasing an additional 10,214 shares in the last quarter. Sequent Planning LLC grew its position in Franklin Investment Grade Corporate ETF by 11.2% during 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 last quarter. Bank of New York Mellon Corp grew its holdings in shares of Franklin Investment Grade Corporate ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock valued at $5,370,000 after buying an additional 22,226 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of 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 worth $2,453,000 after purchasing an additional 23,158 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Franklin Investment Grade Corporate ETF by 12.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 238,524 shares of the company’s stock worth $5,114,000 after buying an additional 27,252 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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