Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sets New 12-Month Low – Should You Sell?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) shares hit a new 52-week low on Monday . The stock traded as low as $21.09 and last traded at $21.09, with a volume of 16369 shares trading hands. The stock had previously closed at $21.18.

Franklin Investment Grade Corporate ETF Stock Up 0.2%

The company’s fifty day moving average price is $21.35 and its 200-day moving average price is $21.51.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Large investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in shares of Franklin Investment Grade Corporate ETF by 9.4% during the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after purchasing an additional 2,203 shares during the period. JPMorgan Chase & Co. grew its stake in Franklin Investment Grade Corporate ETF by 19.5% in the second quarter. JPMorgan Chase & Co. now owns 64,390 shares of the company’s stock worth $1,390,000 after purchasing an additional 10,514 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Franklin Investment Grade Corporate ETF by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 93,218 shares of the company’s stock worth $2,011,000 after purchasing an additional 3,745 shares in the last quarter. Bank of America Corp DE increased its holdings in Franklin Investment Grade Corporate ETF by 7.6% during the 2nd quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock worth $20,347,000 after purchasing an additional 66,524 shares during the period. Finally, MML Investors Services LLC increased its holdings in Franklin Investment Grade Corporate ETF by 70.7% during the 2nd quarter. MML Investors Services LLC now owns 62,574 shares of the company’s stock worth $1,351,000 after purchasing an additional 25,925 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.