Franklin Resources Inc. Boosts Stock Position in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)

Franklin Resources Inc. raised its holdings in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 77.3% during the third quarter, Holdings Channel reports. The institutional investor owned 16,526,553 shares of the company’s stock after buying an additional 7,207,665 shares during the period. Franklin Resources Inc. owned approximately 0.97% of Franklin Investment Grade Corporate ETF worth $359,370,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Hantz Financial Services Inc. acquired a new stake in Franklin Investment Grade Corporate ETF during the second quarter worth approximately $66,123,000. Truist Financial Corp raised its stake in Franklin Investment Grade Corporate ETF by 8.0% during the 2nd quarter. Truist Financial Corp now owns 94,334 shares of the company’s stock worth $1,991,000 after acquiring an additional 6,969 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Franklin Investment Grade Corporate ETF in the second quarter valued at $238,000. International Assets Investment Management LLC boosted its stake in Franklin Investment Grade Corporate ETF by 119,623.8% in the third quarter. International Assets Investment Management LLC now owns 663,270 shares of the company’s stock valued at $14,655,000 after acquiring an additional 662,716 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in shares of Franklin Investment Grade Corporate ETF during the third quarter worth about $1,063,000.

Franklin Investment Grade Corporate ETF Trading Down 0.4 %

FLCO opened at $21.31 on Friday. Franklin Investment Grade Corporate ETF has a one year low of $20.60 and a one year high of $22.25. The business’s 50-day simple moving average is $21.56 and its 200-day simple moving average is $21.55.

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.