Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Stock Price Down 0.1% – Time to Sell?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)’s share price traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $21.67 and last traded at $21.70. 21,070 shares traded hands during trading, a decline of 73% from the average session volume of 78,191 shares. The stock had previously closed at $21.72.

Franklin Investment Grade Corporate ETF Stock Performance

The stock’s 50-day moving average is $21.81 and its 200-day moving average is $21.66.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FLCO. PNC Financial Services Group Inc. increased its position in Franklin Investment Grade Corporate ETF by 37.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,444 shares of the company’s stock worth $52,000 after purchasing an additional 672 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Franklin Investment Grade Corporate ETF during the 2nd quarter valued at $109,000. Brooklyn Investment Group increased its holdings in shares of Franklin Investment Grade Corporate ETF by 433.7% during the 3rd quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock worth $420,000 after buying an additional 15,606 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of 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 worth $463,000 after buying an additional 553 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Franklin Investment Grade Corporate ETF by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock worth $553,000 after buying 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.