Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Unusually-High Trading Volume – Here’s Why

Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw an uptick in trading volume on Thursday . 853,770 shares traded hands during mid-day trading, an increase of 685% from the previous session’s volume of 108,754 shares.The stock last traded at $21.42 and had previously closed at $21.38.

Franklin Investment Grade Corporate ETF Trading Up 0.1%

The firm has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $21.68.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Sequent Planning LLC acquired a new stake in shares of Franklin Investment Grade Corporate ETF during the third quarter worth $2,301,000. Hantz Financial Services Inc. lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 1.5% during the third quarter. Hantz Financial Services Inc. now owns 5,188,386 shares of the company’s stock worth $113,522,000 after buying an additional 78,004 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Franklin Investment Grade Corporate ETF by 20.9% in the third quarter. Benjamin Edwards Inc. now owns 278,192 shares of the company’s stock valued at $6,087,000 after buying an additional 48,138 shares in the last quarter. Compound Planning Inc. acquired a new stake in shares of Franklin Investment Grade Corporate ETF in the third quarter valued at approximately $925,000. Finally, Sanctuary Advisors LLC raised its position in shares of Franklin Investment Grade Corporate ETF by 36.4% in the fourth quarter. Sanctuary Advisors LLC now owns 380,169 shares of the company’s stock valued at $8,231,000 after buying an additional 101,398 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.