HighTower Advisors LLC Buys New Shares in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)

HighTower Advisors LLC bought a new stake in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 159,808 shares of the company’s stock, valued at approximately $3,334,000. HighTower Advisors LLC owned approximately 0.54% of Franklin Investment Grade Corporate ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Franklin Investment Grade Corporate ETF by 9.7% during the first quarter. Bank of America Corp DE now owns 539,232 shares of the company’s stock valued at $12,780,000 after purchasing an additional 47,504 shares in the last quarter. Jane Street Group LLC increased its stake in Franklin Investment Grade Corporate ETF by 243.6% during the second quarter. Jane Street Group LLC now owns 391,517 shares of the company’s stock worth $8,480,000 after acquiring an additional 277,560 shares during the last quarter. Citadel Advisors LLC bought a new stake in Franklin Investment Grade Corporate ETF during the second quarter worth approximately $1,793,000. Commonwealth Equity Services LLC increased its stake in Franklin Investment Grade Corporate ETF by 8.7% during the third quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock worth $279,000 after acquiring an additional 1,096 shares during the last quarter. Finally, UBS Group AG increased its stake in Franklin Investment Grade Corporate ETF by 125.4% during the second quarter. UBS Group AG now owns 2,087 shares of the company’s stock worth $45,000 after acquiring an additional 1,161 shares during the last quarter.

Franklin Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA FLCO opened at $21.04 on Monday. The business’s 50 day moving average is $21.35 and its two-hundred day moving average is $21.25. Franklin Investment Grade Corporate ETF has a 1-year low of $19.70 and a 1-year high of $22.63.

About Franklin Investment Grade Corporate ETF

(Get Rating)

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.