Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sets New 52-Week Low – Time to Sell?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) reached a new 52-week low on Monday . The stock traded as low as $20.90 and last traded at $20.90, with a volume of 15531 shares changing hands. The stock had previously closed at $20.97.

Franklin Investment Grade Corporate ETF Trading Up 0.1%

The company has a fifty day simple moving average of $21.19 and a 200-day simple moving average of $21.39.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings in Franklin Investment Grade Corporate ETF by 2.6% during the 2nd quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock valued at $463,000 after buying an additional 553 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the company’s stock worth $78,000 after buying an additional 940 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Franklin Investment Grade Corporate ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after acquiring an additional 954 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Franklin Investment Grade Corporate ETF by 30.0% during the fourth quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock worth $177,000 after acquiring an additional 1,891 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Franklin Investment Grade Corporate ETF by 9.4% during the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after acquiring an additional 2,203 shares in 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.