Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Trading Down 0.2% – Here’s What Happened

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) fell 0.2% during mid-day trading on Monday . The company traded as low as $20.81 and last traded at $20.83. 31,375 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 48,582 shares. The stock had previously closed at $20.88.

Franklin Investment Grade Corporate ETF Stock Down 0.2 %

The firm has a 50 day moving average of $21.31 and a 200-day moving average of $21.54.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in Franklin Investment Grade Corporate ETF during the second quarter valued at approximately $238,000. MML Investors Services LLC increased its holdings in shares of Franklin Investment Grade Corporate ETF by 44.0% in the 3rd quarter. MML Investors Services LLC now owns 29,254 shares of the company’s stock valued at $646,000 after acquiring an additional 8,934 shares during the period. Atria Investments Inc bought a new position in shares of Franklin Investment Grade Corporate ETF in the 3rd quarter worth $1,063,000. JPMorgan Chase & Co. raised its position in shares of Franklin Investment Grade Corporate ETF by 13,393.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 48,713 shares of the company’s stock worth $1,076,000 after acquiring an additional 48,352 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Franklin Investment Grade Corporate ETF during the third quarter valued at about $1,899,000.

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.