Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $21.09 and last traded at $21.09, with a volume of 16369 shares changing hands. The stock had previously closed at $21.18.
Franklin Investment Grade Corporate ETF Price Performance
The business’s 50-day moving average is $21.36 and its 200 day moving average is $21.52.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of Franklin Investment Grade Corporate ETF in the 4th quarter valued at about $58,000. PNC Financial Services Group Inc. grew its position in Franklin Investment Grade Corporate ETF by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the company’s stock worth $78,000 after acquiring an additional 940 shares during the last quarter. Royal Bank of Canada increased its stake in Franklin Investment Grade Corporate ETF by 30.0% in the 4th quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock worth $177,000 after purchasing an additional 1,891 shares during the period. HighTower Advisors LLC increased its stake in Franklin Investment Grade Corporate ETF by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after purchasing an additional 954 shares during the period. Finally, Brooklyn Investment Group lifted its position in Franklin Investment Grade Corporate ETF by 433.7% in the third quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock valued at $420,000 after purchasing an additional 15,606 shares during 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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