Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Unusually-High Trading Volume – Here’s Why

Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw unusually-high trading volume on Friday. Approximately 401,839 shares changed hands during trading, an increase of 354% from the previous session’s volume of 88,474 shares. The stock last traded at $20.33 and had previously closed at $20.35.

Franklin Investment Grade Corporate ETF Stock Down 0.1%

The company has a 50 day moving average of $20.76 and a 200-day moving average of $21.14.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Franklin Investment Grade Corporate ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock valued at $21,200,000 after acquiring an additional 32,807 shares in the last quarter. 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. 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. Envestnet Asset Management Inc. grew its position in shares of Franklin Investment Grade Corporate ETF by 12.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 238,524 shares of the company’s stock worth $5,114,000 after purchasing an additional 27,252 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in shares of Franklin Investment Grade Corporate ETF by 49.5% during the 2nd quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock worth $3,794,000 after purchasing an additional 58,586 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.