Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sets New 52-Week Low – What’s Next?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.90 and last traded at $20.90, with a volume of 15531 shares. The stock had previously closed at $20.97.

Franklin Investment Grade Corporate ETF Stock Down 0.3%

The firm’s 50 day moving average price is $21.20 and its 200-day moving average price is $21.41.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLCO. MGO One Seven LLC bought a new position in shares of Franklin Investment Grade Corporate ETF during the fourth quarter valued at $583,000. Hantz Financial Services Inc. boosted its position in shares of Franklin Investment Grade Corporate ETF by 3.5% during the fourth quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock valued at $116,258,000 after buying an additional 181,499 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Franklin Investment Grade Corporate ETF by 10.3% in the 1st quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock worth $8,979,000 after buying an additional 39,008 shares in the last quarter. Compound Planning Inc. raised its position in Franklin Investment Grade Corporate ETF by 22.2% in the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after buying an additional 10,214 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Franklin Investment Grade Corporate ETF by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock worth $2,453,000 after buying an additional 23,158 shares during 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.