Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Shares Down 0.1% – Time to Sell?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) traded down 0.1% on Wednesday . The stock traded as low as $21.67 and last traded at $21.70. 21,070 shares changed hands during trading, a decline of 73% from the average session volume of 78,191 shares. The stock had previously closed at $21.72.

Franklin Investment Grade Corporate ETF Stock Performance

The firm has a 50 day moving average of $21.82 and a two-hundred day moving average of $21.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in Franklin Investment Grade Corporate ETF by 37.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,444 shares of the company’s stock valued at $52,000 after purchasing an additional 672 shares during the period. TD Waterhouse Canada Inc. purchased a new position in shares of Franklin Investment Grade Corporate ETF during the second quarter worth about $109,000. Brooklyn Investment Group grew its holdings in shares of Franklin Investment Grade Corporate ETF by 433.7% during the third quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock worth $420,000 after buying an additional 15,606 shares during the last quarter. Osaic Holdings Inc. increased its position in Franklin Investment Grade Corporate ETF by 2.6% in the 2nd quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock valued at $463,000 after acquiring an additional 553 shares during the period. Finally, Cetera Investment Advisers raised its stake in Franklin Investment Grade Corporate ETF by 9.4% during the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after acquiring an additional 2,203 shares during the last quarter.

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.