Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sets New 12-Month Low – Should You Sell?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) reached a new 52-week low during trading on Thursday . The stock traded as low as $20.96 and last traded at $21.02, with a volume of 1787 shares traded. The stock had previously closed at $21.08.

Franklin Investment Grade Corporate ETF Price Performance

The stock has a 50-day simple moving average of $21.28 and a two-hundred day simple moving average of $21.46.

Institutional Trading of Franklin Investment Grade Corporate ETF

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of Franklin Investment Grade Corporate ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock valued at $21,200,000 after purchasing an additional 32,807 shares during the last quarter. Compound Planning Inc. boosted its holdings in Franklin Investment Grade Corporate ETF by 22.2% in the first quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after purchasing an additional 10,214 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Franklin Investment Grade Corporate ETF by 25.3% in the first 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. Bank of New York Mellon Corp grew its position in Franklin Investment Grade Corporate ETF by 9.7% in the 1st quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock worth $5,370,000 after purchasing an additional 22,226 shares during the period. Finally, Sanctuary Advisors LLC grew its position in Franklin Investment Grade Corporate ETF by 10.3% in the 1st quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock worth $8,979,000 after purchasing an additional 39,008 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.