Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sets New 1-Year Low – What’s Next?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $20.72 and last traded at $20.8490, with a volume of 36599 shares. The stock had previously closed at $20.84.

Franklin Investment Grade Corporate ETF Stock Performance

The business’s 50-day moving average is $21.06 and its two-hundred day moving average is $21.32.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Several hedge funds have recently modified their holdings of FLCO. Kestra Advisory Services LLC bought a new position in shares of Franklin Investment Grade Corporate ETF in the fourth quarter valued at approximately $58,000. PNC Financial Services Group Inc. increased its position in shares of Franklin Investment Grade Corporate ETF by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the company’s stock valued at $78,000 after acquiring an additional 940 shares during the last quarter. Royal Bank of Canada lifted its holdings in Franklin Investment Grade Corporate ETF by 30.0% during the fourth quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock worth $177,000 after acquiring an additional 1,891 shares during the period. HighTower Advisors LLC lifted its holdings in Franklin Investment Grade Corporate ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after acquiring an additional 954 shares during the period. Finally, Brooklyn Investment Group boosted 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 worth $420,000 after purchasing an additional 15,606 shares during 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.