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

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) shares saw unusually-high trading volume on Monday . Approximately 249,498 shares changed hands during trading, an increase of 180% from the previous session’s volume of 89,087 shares.The stock last traded at $20.96 and had previously closed at $21.02.

Franklin Investment Grade Corporate ETF Stock Down 0.3%

The stock has a 50-day simple moving average of $21.13 and a 200 day simple moving average of $21.36.

Institutional Trading of Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in Franklin Investment Grade Corporate ETF by 9.4% during the second 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. JPMorgan Chase & Co. increased its position in shares of Franklin Investment Grade Corporate ETF by 19.5% during the second quarter. JPMorgan Chase & Co. now owns 64,390 shares of the company’s stock valued at $1,390,000 after acquiring an additional 10,514 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of 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 valued at $2,011,000 after acquiring an additional 3,745 shares during the period. Bank of America Corp DE raised its stake in shares of Franklin Investment Grade Corporate ETF by 7.6% in the 2nd quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock valued at $20,347,000 after acquiring an additional 66,524 shares during the period. Finally, MML Investors Services LLC raised its stake in shares of Franklin Investment Grade Corporate ETF by 70.7% in the 2nd quarter. MML Investors Services LLC now owns 62,574 shares of the company’s stock valued at $1,351,000 after acquiring an additional 25,925 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.