Franklin Resources Inc. Decreases Stock Position in Franklin Investment Grade Corporate ETF $FLCO

Franklin Resources Inc. decreased its position in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 3.8% in the 4th quarter, Holdings Channel reports. The fund owned 15,082,708 shares of the company’s stock after selling 601,291 shares during the period. Franklin Resources Inc. owned 0.58% of Franklin Investment Grade Corporate ETF worth $326,541,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Franklin Investment Grade Corporate ETF by 21.1% in the third 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 period. Osaic Holdings Inc. grew its holdings in 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 valued at $463,000 after purchasing an additional 553 shares in the last quarter. HighTower Advisors LLC increased its stake in Franklin Investment Grade Corporate ETF by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after buying an additional 954 shares during the period. Cetera Investment Advisers lifted its holdings in Franklin Investment Grade Corporate ETF by 9.4% in 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 in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Franklin Investment Grade Corporate ETF by 4.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 93,218 shares of the company’s stock worth $2,011,000 after buying an additional 3,745 shares in the last quarter.

Franklin Investment Grade Corporate ETF Price Performance

NYSEARCA:FLCO opened at $21.25 on Tuesday. The firm has a 50-day moving average of $21.40 and a two-hundred day moving average of $21.58. Franklin Investment Grade Corporate ETF has a 1-year low of $21.09 and a 1-year high of $22.10.

Franklin Investment Grade Corporate ETF 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.