Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $20.85 and last traded at $20.87, with a volume of 288 shares changing hands. The stock had previously closed at $21.02.
Franklin Investment Grade Corporate ETF Price Performance
The firm’s 50 day simple moving average is $21.12 and its 200-day simple moving average is $21.35.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in FLCO. Hantz Financial Services Inc. raised its holdings in Franklin Investment Grade Corporate ETF by 3.5% during the fourth quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock worth $116,258,000 after purchasing an additional 181,499 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Franklin Investment Grade Corporate ETF by 151.4% in the 3rd quarter. Citadel Advisors LLC now owns 206,417 shares of the company’s stock valued at $4,516,000 after purchasing an additional 124,317 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Franklin Investment Grade Corporate ETF in the 3rd quarter valued at approximately $1,660,000. Bank of America Corp DE boosted its holdings in Franklin Investment Grade Corporate ETF by 7.6% in the 2nd quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock valued at $20,347,000 after purchasing an additional 66,524 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Franklin Investment Grade Corporate ETF by 161.0% during the 4th quarter. Cetera Investment Advisers now owns 91,355 shares of the company’s stock worth $1,978,000 after purchasing an additional 56,350 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.
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