Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Unusually-High Trading Volume – Here’s Why
by Jessica Moore · The Cerbat GemFranklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 853,770 shares changed hands during 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 Stock Performance
The business’s 50 day simple moving average is $21.52 and its 200-day simple moving average is $21.68.
Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF
Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in Franklin Investment Grade Corporate ETF by 21.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $58,000 after buying an additional 463 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Franklin Investment Grade Corporate ETF in the 4th quarter valued at approximately $58,000. Royal Bank of Canada boosted its stake in shares of Franklin Investment Grade Corporate ETF by 30.0% in the 4th quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock valued at $177,000 after purchasing an additional 1,891 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of 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 valued at $356,000 after purchasing an additional 954 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Franklin Investment Grade Corporate ETF by 433.7% in the 3rd quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock valued at $420,000 after purchasing an additional 15,606 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.