Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Shares Down 0.2% – Time to Sell?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)’s share price fell 0.2% on Monday . The stock traded as low as $20.81 and last traded at $20.83. 31,375 shares changed hands during trading, a decline of 35% from the average session volume of 48,582 shares. The stock had previously closed at $20.88.

Franklin Investment Grade Corporate ETF Stock Down 0.2 %

The business has a fifty day moving average price of $21.31 and a two-hundred day moving average price of $21.54.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its stake in shares of Franklin Investment Grade Corporate ETF by 77.3% during the 3rd quarter. Franklin Resources Inc. now owns 16,526,553 shares of the company’s stock valued at $359,370,000 after buying an additional 7,207,665 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Franklin Investment Grade Corporate ETF by 19.8% during the third quarter. Hantz Financial Services Inc. now owns 3,753,330 shares of the company’s stock worth $82,931,000 after acquiring an additional 621,032 shares during the period. International Assets Investment Management LLC raised its position in Franklin Investment Grade Corporate ETF by 119,623.8% during the third quarter. International Assets Investment Management LLC now owns 663,270 shares of the company’s stock valued at $14,655,000 after acquiring an additional 662,716 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in Franklin Investment Grade Corporate ETF in the third quarter valued at approximately $5,357,000. Finally, Sanctuary Advisors LLC boosted its position in Franklin Investment Grade Corporate ETF by 1,942.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 234,182 shares of the company’s stock worth $5,000,000 after purchasing an additional 222,715 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.