Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Strong Trading Volume – What’s Next?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw unusually-strong trading volume on Monday . 249,498 shares changed hands during trading, an increase of 180% from the previous session’s volume of 89,087 shares.The stock last traded at $20.96 and had previously closed at $21.02.

Franklin Investment Grade Corporate ETF Stock Down 0.3%

The stock has a 50 day moving average price of $21.13 and a two-hundred day moving average price of $21.36.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Several institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in shares of Franklin Investment Grade Corporate ETF by 3.5% in the fourth quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock valued at $116,258,000 after purchasing an additional 181,499 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Franklin Investment Grade Corporate ETF by 151.4% during the 3rd quarter. Citadel Advisors LLC now owns 206,417 shares of the company’s stock worth $4,516,000 after buying an additional 124,317 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Franklin Investment Grade Corporate ETF in the 3rd quarter valued at approximately $1,660,000. Bank of America Corp DE boosted its position in Franklin Investment Grade Corporate ETF by 7.6% in the 2nd quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock valued at $20,347,000 after buying an additional 66,524 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Franklin Investment Grade Corporate ETF by 161.0% in the fourth quarter. Cetera Investment Advisers now owns 91,355 shares of the company’s stock worth $1,978,000 after acquiring an additional 56,350 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.