Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Reaches New 12-Month Low – Here’s What Happened

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)’s stock price reached a new 52-week low on Tuesday. The company traded as low as $20.30 and last traded at $20.36, with a volume of 252884 shares traded. The stock had previously closed at $20.47.

Franklin Investment Grade Corporate ETF Stock Down 0.1%

The stock’s fifty day simple moving average is $20.85 and its two-hundred day simple moving average is $21.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLCO. RFG Advisory LLC acquired a new stake in Franklin Investment Grade Corporate ETF during the second quarter worth about $1,097,000. Compound Planning Inc. grew its holdings in shares of Franklin Investment Grade Corporate ETF by 22.2% during the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after purchasing an additional 10,214 shares during the period. Cetera Investment Advisers increased its position in Franklin Investment Grade Corporate ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock worth $2,453,000 after purchasing an additional 23,158 shares in the last quarter. Sequent Planning LLC increased its position in Franklin Investment Grade Corporate ETF by 11.2% during the 1st quarter. Sequent Planning LLC now owns 129,939 shares of the company’s stock worth $2,783,000 after purchasing an additional 13,118 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in Franklin Investment Grade Corporate ETF by 49.5% in the second quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock valued at $3,794,000 after buying an additional 58,586 shares during the period.

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.