Franklin Resources Inc. Cuts Position in Franklin Investment Grade Corporate ETF $FLCO

Franklin Resources Inc. reduced its position in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,082,708 shares of the company’s stock after selling 601,291 shares during the period. Franklin Resources Inc. owned approximately 57.68% of Franklin Investment Grade Corporate ETF worth $326,541,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Franklin Investment Grade Corporate ETF by 21.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $58,000 after buying an additional 463 shares during the period. HighTower Advisors LLC grew its stake in Franklin Investment Grade Corporate ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after buying an additional 954 shares during the period. Brooklyn Investment Group increased its position in shares of Franklin Investment Grade Corporate ETF by 433.7% in the third quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock worth $420,000 after acquiring an additional 15,606 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of 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 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 acquiring an additional 2,203 shares during the period.

Franklin Investment Grade Corporate ETF Stock Performance

NYSEARCA:FLCO opened at $21.25 on Tuesday. The firm’s fifty day simple moving average is $21.40 and its 200 day simple moving average is $21.58. Franklin Investment Grade Corporate ETF has a twelve month low of $21.09 and a twelve month high of $22.10.

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.