Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Unusually-High Trading Volume – Still a Buy?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) shares saw strong trading volume on Wednesday . 422,933 shares were traded during trading, an increase of 220% from the previous session’s volume of 132,084 shares.The stock last traded at $21.70 and had previously closed at $21.69.

Franklin Investment Grade Corporate ETF Stock Up 0.0%

The stock’s fifty day moving average price is $21.73 and its 200-day moving average price is $21.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in Franklin Investment Grade Corporate ETF by 21.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $58,000 after purchasing an additional 463 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Franklin Investment Grade Corporate ETF in the second quarter valued at about $109,000. Brooklyn Investment Group raised 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 valued at $420,000 after purchasing an additional 15,606 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Franklin Investment Grade Corporate ETF by 2.6% during the 2nd quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock worth $463,000 after buying an additional 553 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 9.4% during the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock worth $553,000 after buying an additional 2,203 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.