Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Volume Increase – Time to Buy?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) shares saw unusually-high trading volume on Monday . Approximately 281,651 shares were traded during trading, an increase of 138% from the previous session’s volume of 118,525 shares.The stock last traded at $21.41 and had previously closed at $21.45.

Franklin Investment Grade Corporate ETF Trading Down 1.5 %

The firm’s fifty day moving average is $21.32 and its 200-day moving average is $21.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of Franklin Investment Grade Corporate ETF by 91.6% during the fourth quarter. Bank of America Corp DE now owns 878,145 shares of the company’s stock worth $18,518,000 after purchasing an additional 419,709 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in Franklin Investment Grade Corporate ETF by 9.7% during the 4th quarter. Benjamin Edwards Inc. now owns 266,105 shares of the company’s stock worth $5,612,000 after buying an additional 23,639 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Franklin Investment Grade Corporate ETF by 20.7% in the 4th quarter. Ameriprise Financial Inc. now owns 70,187 shares of the company’s stock valued at $1,480,000 after buying an additional 12,060 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Franklin Investment Grade Corporate ETF in the 4th quarter valued at $1,252,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Franklin Investment Grade Corporate ETF by 10.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 145,217 shares of the company’s stock valued at $3,062,000 after buying an additional 13,878 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.