TD Waterhouse Canada Inc. Makes New $109,000 Investment in Franklin Investment Grade Corporate ETF $FLCO

TD Waterhouse Canada Inc. bought a new stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,060 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers bought a new stake in shares of Franklin Investment Grade Corporate ETF in the first quarter worth $502,000. Hantz Financial Services Inc. grew its holdings in Franklin Investment Grade Corporate ETF by 5.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 5,110,382 shares of the company’s stock worth $110,308,000 after acquiring an additional 277,363 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Franklin Investment Grade Corporate ETF by 22.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 187,734 shares of the company’s stock worth $4,052,000 after acquiring an additional 34,458 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Franklin Investment Grade Corporate ETF by 37.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,444 shares of the company’s stock worth $52,000 after purchasing an additional 672 shares during the last quarter.

Franklin Investment Grade Corporate ETF Stock Performance

Shares of Franklin Investment Grade Corporate ETF stock opened at $21.88 on Wednesday. Franklin Investment Grade Corporate ETF has a 1 year low of $20.59 and a 1 year high of $22.10. The firm’s 50-day simple moving average is $21.85 and its 200-day simple moving average is $21.58.

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.