Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Volume Increase – Here’s What Happened

Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw an uptick in trading volume on Tuesday . 55,487 shares were traded during trading, a decline of 30% from the previous session’s volume of 79,149 shares.The stock last traded at $21.6950 and had previously closed at $21.66.

Franklin Investment Grade Corporate ETF Price Performance

The business’s fifty day moving average is $21.87 and its two-hundred day moving average is $21.55.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in Franklin Investment Grade Corporate ETF by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 139,738 shares of the company’s stock worth $2,993,000 after buying an additional 3,667 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Franklin Investment Grade Corporate ETF by 5.5% during the first quarter. Envestnet Asset Management Inc. now owns 153,276 shares of the company’s stock valued at $3,283,000 after purchasing an additional 8,059 shares during the last quarter. OneAscent Financial Services LLC bought a new position in Franklin Investment Grade Corporate ETF during the first quarter valued at approximately $841,000. Cetera Investment Advisers purchased a new stake in Franklin Investment Grade Corporate ETF in the first quarter worth approximately $502,000. Finally, PNC Financial Services Group Inc. grew its position in Franklin Investment Grade Corporate ETF by 37.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,444 shares of the company’s stock worth $52,000 after purchasing an additional 672 shares during the period.

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.