Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $20.96 and last traded at $21.02, with a volume of 1787 shares trading hands. The stock had previously closed at $21.08.
Franklin Investment Grade Corporate ETF Stock Up 0.3%
The firm’s fifty day moving average price is $21.29 and its 200 day moving average price is $21.47.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in shares of Franklin Investment Grade Corporate ETF in the fourth quarter valued at $58,000. PNC Financial Services Group Inc. lifted its stake 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 in the last quarter. Royal Bank of Canada boosted its holdings in Franklin Investment Grade Corporate ETF by 30.0% during the 4th quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock valued at $177,000 after acquiring an additional 1,891 shares during the period. HighTower Advisors LLC boosted its holdings in Franklin Investment Grade Corporate ETF by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock valued at $356,000 after acquiring an additional 954 shares during the period. Finally, Brooklyn Investment Group grew its position in Franklin Investment Grade Corporate ETF by 433.7% in the 3rd quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock valued at $420,000 after acquiring an additional 15,606 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.
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