Franklin Resources Inc. Raises Stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)

Franklin Resources Inc. raised its holdings in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 77.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,526,553 shares of the company’s stock after acquiring an additional 7,207,665 shares during the period. Franklin Resources Inc. owned approximately 96.93% of Franklin Investment Grade Corporate ETF worth $359,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of Franklin Investment Grade Corporate ETF in the 2nd quarter valued at $238,000. MML Investors Services LLC grew its position in shares of Franklin Investment Grade Corporate ETF by 44.0% during 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 acquired a new stake in shares of Franklin Investment Grade Corporate ETF during the 3rd quarter valued at about $1,063,000. Flow Traders U.S. LLC acquired a new stake in Franklin Investment Grade Corporate ETF in the third quarter valued at approximately $1,899,000. Finally, Truist Financial Corp increased its position in shares of Franklin Investment Grade Corporate ETF by 8.0% in the second quarter. Truist Financial Corp now owns 94,334 shares of the company’s stock valued at $1,991,000 after buying an additional 6,969 shares in the last quarter.

Franklin Investment Grade Corporate ETF Stock Down 0.4 %

Shares of Franklin Investment Grade Corporate ETF stock opened at $21.31 on Friday. Franklin Investment Grade Corporate ETF has a twelve month low of $20.60 and a twelve month high of $22.25. The firm’s 50-day moving average price is $21.56 and its 200 day moving average price is $21.55.

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.