Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Reaches New 52-Week Low – Here’s Why

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) reached a new 52-week low on Tuesday . The company traded as low as $21.08 and last traded at $21.08, with a volume of 7980 shares traded. The stock had previously closed at $21.14.

Franklin Investment Grade Corporate ETF Stock Performance

The firm has a 50-day moving average of $21.33 and a 200-day moving average of $21.50.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors have recently added to or reduced their stakes in the stock. MGO One Seven LLC bought a new stake in Franklin Investment Grade Corporate ETF in the 4th quarter valued at $583,000. Hantz Financial Services Inc. lifted its stake in Franklin Investment Grade Corporate ETF by 3.5% in the 4th quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock worth $116,258,000 after purchasing an additional 181,499 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Franklin Investment Grade Corporate ETF by 36.4% in the 4th quarter. Sanctuary Advisors LLC now owns 380,169 shares of the company’s stock worth $8,231,000 after purchasing an additional 101,398 shares in the last quarter. Compound Planning Inc. boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 22.2% during the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock valued at $1,206,000 after purchasing an additional 10,214 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock valued at $2,453,000 after purchasing an additional 23,158 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.