Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Volume Increase – Should You Buy?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw unusually-high trading volume on Thursday . Approximately 346,724 shares traded hands during trading, an increase of 218% from the previous session’s volume of 108,987 shares.The stock last traded at $21.38 and had previously closed at $21.47.

Franklin Investment Grade Corporate ETF Stock Down 0.4%

The business’s 50 day simple moving average is $21.72 and its 200 day simple moving average is $21.77.

Franklin Investment Grade Corporate ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.0726 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of Franklin Investment Grade Corporate ETF

A number of institutional investors have recently modified their holdings of FLCO. Hantz Financial Services Inc. boosted its position in shares of Franklin Investment Grade Corporate ETF by 1.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,188,386 shares of the company’s stock worth $113,522,000 after purchasing an additional 78,004 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Franklin Investment Grade Corporate ETF by 20.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 278,192 shares of the company’s stock valued at $6,087,000 after acquiring an additional 48,138 shares during the period. Compound Planning Inc. purchased a new stake in shares of Franklin Investment Grade Corporate ETF during the 3rd quarter worth approximately $925,000. Sequent Planning LLC purchased a new position in shares of Franklin Investment Grade Corporate ETF in the third quarter valued at $2,301,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in Franklin Investment Grade Corporate ETF in the 2nd quarter valued at about $109,000.

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.