Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) saw strong trading volume on Wednesday . 422,933 shares traded hands during mid-day trading, an increase of 220% from the previous session’s volume of 132,084 shares.The stock last traded at $21.70 and had previously closed at $21.69.
Franklin Investment Grade Corporate ETF Trading Up 0.2%
The stock’s 50-day simple moving average is $21.72 and its 200 day simple moving average is $21.70.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in Franklin Investment Grade Corporate ETF by 21.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $58,000 after acquiring an additional 463 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Franklin Investment Grade Corporate ETF during the second quarter worth approximately $109,000. Brooklyn Investment Group lifted its holdings in Franklin Investment Grade Corporate ETF by 433.7% during the 3rd quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock worth $420,000 after purchasing an additional 15,606 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Franklin Investment Grade Corporate ETF by 2.6% in the 2nd quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock valued at $463,000 after purchasing an additional 553 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Franklin Investment Grade Corporate ETF by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after buying an additional 2,203 shares in the last quarter.
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.
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