Raymond James Financial Inc. Buys New Stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)

Raymond James Financial Inc. purchased a new position in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 59,371 shares of the company’s stock, valued at approximately $1,252,000. Raymond James Financial Inc. owned approximately 0.35% of Franklin Investment Grade Corporate ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of Franklin Investment Grade Corporate ETF by 40.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,772 shares of the company’s stock worth $37,000 after buying an additional 509 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Franklin Investment Grade Corporate ETF by 28.4% during the 4th quarter. HighTower Advisors LLC now owns 19,757 shares of the company’s stock worth $417,000 after acquiring an additional 4,372 shares in the last quarter. Atria Investments Inc boosted its position in shares of Franklin Investment Grade Corporate ETF by 1.7% during the 4th quarter. Atria Investments Inc now owns 48,906 shares of the company’s stock valued at $1,031,000 after acquiring an additional 812 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Franklin Investment Grade Corporate ETF by 3.8% in the fourth quarter. JPMorgan Chase & Co. now owns 50,551 shares of the company’s stock valued at $1,066,000 after purchasing an additional 1,838 shares in the last quarter. Finally, LPL Financial LLC increased its position in Franklin Investment Grade Corporate ETF by 4.4% in the fourth quarter. LPL Financial LLC now owns 103,255 shares of the company’s stock worth $2,177,000 after purchasing an additional 4,314 shares during the last quarter.

Franklin Investment Grade Corporate ETF Stock Down 0.3 %

Franklin Investment Grade Corporate ETF stock opened at $21.10 on Friday. Franklin Investment Grade Corporate ETF has a 52-week low of $20.60 and a 52-week high of $22.25. The firm’s fifty day moving average is $21.26 and its 200 day moving average is $21.29.

Franklin Investment Grade Corporate ETF 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.