Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Volume Increase – Here’s What Happened

Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw unusually-strong trading volume on Friday. 401,839 shares were traded during mid-day trading, an increase of 354% from the previous session’s volume of 88,474 shares. The stock last traded at $20.33 and had previously closed at $20.35.

Franklin Investment Grade Corporate ETF Stock Down 0.1%

The business’s fifty day simple moving average is $20.76 and its two-hundred day simple moving average is $21.14.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RFG Advisory LLC bought a new position in Franklin Investment Grade Corporate ETF in the second quarter valued at $1,097,000. Compound Planning Inc. grew its position in shares of Franklin Investment Grade Corporate ETF by 22.2% in the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock valued at $1,206,000 after acquiring an additional 10,214 shares during the period. Cetera Investment Advisers increased its stake in shares of Franklin Investment Grade Corporate ETF by 25.3% during 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 during the last quarter. Sequent Planning LLC increased its stake in shares of 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 worth $2,783,000 after purchasing an additional 13,118 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Franklin Investment Grade Corporate ETF by 49.5% in the 2nd quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock valued at $3,794,000 after purchasing an additional 58,586 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.