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

Franklin Resources Inc. reduced its stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,079,949 shares of the company’s stock after selling 1,446,604 shares during the quarter. Franklin Resources Inc. owned about 88.45% of Franklin Investment Grade Corporate ETF worth $318,007,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FLCO. PNC Financial Services Group Inc. grew its stake in Franklin Investment Grade Corporate ETF by 40.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,772 shares of the company’s stock worth $37,000 after acquiring an additional 509 shares during the period. HighTower Advisors LLC grew its position in shares of Franklin Investment Grade Corporate ETF by 28.4% in the fourth quarter. HighTower Advisors LLC now owns 19,757 shares of the company’s stock valued at $417,000 after purchasing an additional 4,372 shares during the period. MML Investors Services LLC increased its stake in Franklin Investment Grade Corporate ETF by 44.0% in the third quarter. MML Investors Services LLC now owns 29,254 shares of the company’s stock valued at $646,000 after purchasing an additional 8,934 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Franklin Investment Grade Corporate ETF by 13,393.9% during the third quarter. JPMorgan Chase & Co. now owns 48,713 shares of the company’s stock worth $1,076,000 after buying an additional 48,352 shares during the period. Finally, Atria Investments Inc boosted its stake in Franklin Investment Grade Corporate ETF by 1.7% in the 4th quarter. Atria Investments Inc now owns 48,906 shares of the company’s stock worth $1,031,000 after buying an additional 812 shares during the last quarter.

Franklin Investment Grade Corporate ETF Stock Performance

FLCO opened at $21.41 on Wednesday. Franklin Investment Grade Corporate ETF has a 12 month low of $20.60 and a 12 month high of $22.25. The business has a 50-day moving average of $21.30 and a two-hundred day moving average of $21.43.

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.