Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Trading Down 0.5% – What’s Next?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was down 0.5% during trading on Tuesday . The stock traded as low as $21.23 and last traded at $21.24. 35,007 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 95,169 shares. The stock had previously closed at $21.35.

Franklin Investment Grade Corporate ETF Trading Down 0.5%

The stock’s 50-day simple moving average is $21.37 and its two-hundred day simple moving average is $21.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLCO. Osaic Holdings Inc. grew its holdings in shares of Franklin Investment Grade Corporate ETF by 2.6% during the second quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock worth $463,000 after buying an additional 553 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Franklin Investment Grade Corporate ETF by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the company’s stock valued at $78,000 after acquiring an additional 940 shares during the last quarter. HighTower Advisors LLC lifted its stake in Franklin Investment Grade Corporate ETF by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after purchasing an additional 954 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 30.0% during the 4th quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock worth $177,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 9.4% during the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock worth $553,000 after purchasing an additional 2,203 shares during 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.