Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Hits New 1-Year Low – Should You Sell?

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $21.08 and last traded at $21.08, with a volume of 7980 shares changing hands. The stock had previously closed at $21.14.

Franklin Investment Grade Corporate ETF Trading Down 0.1%

The company’s 50-day simple moving average is $21.32 and its 200-day simple moving average is $21.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLCO. Bank of America Corp DE increased its position in Franklin Investment Grade Corporate ETF by 3.4% during the 1st quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock worth $21,200,000 after buying an additional 32,807 shares during the period. Compound Planning Inc. increased its position in Franklin Investment Grade Corporate ETF by 22.2% during the first quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after acquiring an additional 10,214 shares during the period. Cetera Investment Advisers raised its stake 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 purchasing an additional 23,158 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Franklin Investment Grade Corporate ETF by 9.7% in the 1st quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock valued at $5,370,000 after purchasing an additional 22,226 shares during the period. Finally, Sanctuary Advisors LLC boosted 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 valued at $8,979,000 after purchasing an additional 39,008 shares during the period.

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.