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

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.91 and last traded at $20.92, with a volume of 86309 shares trading hands. The stock had previously closed at $21.02.

Franklin Investment Grade Corporate ETF Stock Performance

The stock’s fifty day moving average is $21.22 and its 200-day moving average is $21.42.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Several hedge funds have recently modified their holdings of FLCO. Bank of America Corp DE grew its position in shares of Franklin Investment Grade Corporate ETF by 3.4% during the 1st quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock valued at $21,200,000 after acquiring an additional 32,807 shares during the period. Compound Planning Inc. raised its holdings in Franklin Investment Grade Corporate ETF by 22.2% in the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after purchasing an additional 10,214 shares during the period. Cetera Investment Advisers boosted its position in Franklin Investment Grade Corporate ETF by 25.3% during the first quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock worth $2,453,000 after purchasing an additional 23,158 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Franklin Investment Grade Corporate ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock worth $5,370,000 after purchasing an additional 22,226 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Franklin Investment Grade Corporate ETF by 10.3% in the first quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock valued at $8,979,000 after purchasing an additional 39,008 shares during the period.

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.