Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Volume Increase – Here’s What Happened

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) shares saw an uptick in trading volume on Friday. 94,286 shares traded hands during trading, an increase of 9% from the previous session’s volume of 86,661 shares. The stock last traded at $20.4150 and had previously closed at $20.45.

Franklin Investment Grade Corporate ETF Stock Down 0.1%

The business’s fifty day simple moving average is $20.91 and its 200 day simple moving average is $21.22.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Franklin Investment Grade Corporate ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock valued at $21,200,000 after buying an additional 32,807 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Franklin Investment Grade Corporate ETF by 10.3% in the 1st quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock valued at $8,979,000 after acquiring an additional 39,008 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Franklin Investment Grade Corporate ETF by 9.7% during the 1st quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock valued at $5,370,000 after buying an additional 22,226 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Franklin Investment Grade Corporate ETF by 12.9% during the second quarter. Envestnet Asset Management Inc. now owns 238,524 shares of the company’s stock worth $5,114,000 after acquiring an additional 27,252 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Franklin Investment Grade Corporate ETF by 49.5% during the 2nd quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock worth $3,794,000 after purchasing an additional 58,586 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.