Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Unusually-High Trading Volume – Here’s Why

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) shares saw unusually-strong trading volume on Friday . Approximately 106,952 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 66,000 shares.The stock last traded at $21.7050 and had previously closed at $21.71.

Franklin Investment Grade Corporate ETF Stock Performance

The business’s 50-day moving average price is $21.72 and its 200 day moving average price is $21.73.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLCO. PNC Financial Services Group Inc. increased its position in shares of Franklin Investment Grade Corporate ETF by 21.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $58,000 after acquiring an additional 463 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in Franklin Investment Grade Corporate ETF in the second quarter valued at about $109,000. Brooklyn Investment Group grew its stake in Franklin Investment Grade Corporate ETF by 433.7% during the 3rd quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock valued at $420,000 after purchasing an additional 15,606 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Franklin Investment Grade Corporate ETF by 2.6% during the 2nd quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock worth $463,000 after purchasing an additional 553 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Franklin Investment Grade Corporate ETF by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after purchasing an additional 2,203 shares in the last quarter.

Franklin Investment Grade Corporate ETF Company 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.