Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Stock Price Down 0.5% – What’s Next?

Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $21.23 and last traded at $21.24. Approximately 35,007 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 95,169 shares. The stock had previously closed at $21.35.

Franklin Investment Grade Corporate ETF Stock Performance

The firm has a 50 day simple moving average of $21.36 and a two-hundred day simple moving average of $21.52.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted 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 acquiring an additional 181,499 shares in the last quarter. Citadel Advisors LLC raised its holdings in Franklin Investment Grade Corporate ETF by 151.4% during the third quarter. Citadel Advisors LLC now owns 206,417 shares of the company’s stock worth $4,516,000 after purchasing an additional 124,317 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Franklin Investment Grade Corporate ETF by 36.4% during the fourth quarter. Sanctuary Advisors LLC now owns 380,169 shares of the company’s stock worth $8,231,000 after purchasing an additional 101,398 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Franklin Investment Grade Corporate ETF during the third quarter worth approximately $1,660,000. Finally, Bank of America Corp DE lifted its position in Franklin Investment Grade Corporate ETF by 7.6% in the second quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock worth $20,347,000 after purchasing an additional 66,524 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.