Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Shares Down 0.5% – Should You Sell?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)’s share price traded down 0.5% on Tuesday . The stock traded as low as $21.23 and last traded at $21.24. Approximately 35,007 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 95,169 shares. The stock had previously closed at $21.35.

Franklin Investment Grade Corporate ETF Stock Down 0.5%

The stock has a 50-day simple moving average of $21.37 and a 200 day simple moving average of $21.53.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. MGO One Seven LLC purchased a new stake in Franklin Investment Grade Corporate ETF in the fourth quarter valued at approximately $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 worth $116,258,000 after buying an additional 181,499 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Franklin Investment Grade Corporate ETF by 36.4% during the fourth quarter. Sanctuary Advisors LLC now owns 380,169 shares of the company’s stock worth $8,231,000 after buying an additional 101,398 shares during the period. Sequent Planning LLC grew its stake in shares of Franklin Investment Grade Corporate ETF by 11.1% in the fourth quarter. Sequent Planning LLC now owns 116,821 shares of the company’s stock valued at $2,529,000 after buying an additional 11,669 shares in the last quarter. Finally, Compound Planning Inc. grew its stake in shares of Franklin Investment Grade Corporate ETF by 22.2% in the first quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock valued at $1,206,000 after buying an additional 10,214 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.