Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Volume Increase – Time to Buy?

Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw unusually-high trading volume on Monday . Approximately 281,651 shares changed hands during trading, an increase of 138% from the previous session’s volume of 118,525 shares.The stock last traded at $21.41 and had previously closed at $21.45.

Franklin Investment Grade Corporate ETF Trading Up 1.5 %

The company’s fifty day moving average price is $21.31 and its 200 day moving average price is $21.39.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Franklin Investment Grade Corporate ETF by 40.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,772 shares of the company’s stock worth $37,000 after purchasing an additional 509 shares during the period. HighTower Advisors LLC boosted its position in shares of Franklin Investment Grade Corporate ETF by 28.4% during the 4th quarter. HighTower Advisors LLC now owns 19,757 shares of the company’s stock worth $417,000 after purchasing an additional 4,372 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Franklin Investment Grade Corporate ETF by 44.0% in the 3rd quarter. MML Investors Services LLC now owns 29,254 shares of the company’s stock valued at $646,000 after buying an additional 8,934 shares during the period. JPMorgan Chase & Co. increased its position in Franklin Investment Grade Corporate ETF by 13,393.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 48,713 shares of the company’s stock valued at $1,076,000 after buying an additional 48,352 shares in the last quarter. Finally, Atria Investments Inc raised its stake in Franklin Investment Grade Corporate ETF by 1.7% during the 4th quarter. Atria Investments Inc now owns 48,906 shares of the company’s stock worth $1,031,000 after buying an additional 812 shares during the period.

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.