Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Shares Up 0.1% – Here’s What Happened

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)’s stock price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $21.24 and last traded at $21.21. 37,836 shares changed hands during trading, a decline of 32% from the average session volume of 55,432 shares. The stock had previously closed at $21.18.

Franklin Investment Grade Corporate ETF Price Performance

The company’s fifty day moving average is $21.13 and its 200-day moving average is $21.52.

Institutional Trading of Franklin Investment Grade Corporate ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of Franklin Investment Grade Corporate ETF by 119,623.8% during the 3rd quarter. International Assets Investment Management LLC now owns 663,270 shares of the company’s stock worth $14,655,000 after purchasing an additional 662,716 shares during the period. Atria Investments Inc purchased a new position in shares of Franklin Investment Grade Corporate ETF during the third quarter worth approximately $1,063,000. Hantz Financial Services Inc. boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 19.8% in the third quarter. Hantz Financial Services Inc. now owns 3,753,330 shares of the company’s stock valued at $82,931,000 after purchasing an additional 621,032 shares during the period. Flow Traders U.S. LLC purchased a new position in Franklin Investment Grade Corporate ETF during the 3rd quarter worth $1,899,000. Finally, Benjamin Edwards Inc. bought a new stake in Franklin Investment Grade Corporate ETF during the 3rd quarter valued at $5,357,000.

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.