Verus Capital Partners LLC Lowers Stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)

Verus Capital Partners LLC lessened its stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 6.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,066 shares of the company’s stock after selling 1,394 shares during the quarter. Verus Capital Partners LLC’s holdings in Franklin Investment Grade Corporate ETF were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of Franklin Investment Grade Corporate ETF during the second quarter valued at approximately $238,000. Envestnet Portfolio Solutions Inc. increased its holdings in Franklin Investment Grade Corporate ETF by 15.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 26,473 shares of the company’s stock worth $565,000 after purchasing an additional 3,499 shares during the period. Atria Investments Inc bought a new stake in Franklin Investment Grade Corporate ETF during the 3rd quarter valued at $1,063,000. Truist Financial Corp lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 8.0% in the 2nd quarter. Truist Financial Corp now owns 94,334 shares of the company’s stock worth $1,991,000 after buying an additional 6,969 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Franklin Investment Grade Corporate ETF by 119,623.8% during the 3rd quarter. International Assets Investment Management LLC now owns 663,270 shares of the company’s stock worth $14,655,000 after buying an additional 662,716 shares in the last quarter.

Franklin Investment Grade Corporate ETF Stock Performance

FLCO stock opened at $21.37 on Wednesday. Franklin Investment Grade Corporate ETF has a 1-year low of $20.20 and a 1-year high of $22.25. The business has a 50-day moving average price of $21.82 and a 200 day moving average price of $21.47.

About Franklin Investment Grade Corporate ETF

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.