Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 28.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,757 shares of the company’s stock after buying an additional 4,372 shares during the period. HighTower Advisors LLC’s holdings in Franklin Investment Grade Corporate ETF were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FLCO. PNC Financial Services Group Inc. grew its holdings in shares of Franklin Investment Grade Corporate ETF by 40.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,772 shares of the company’s stock worth $37,000 after purchasing an additional 509 shares during the period. Raymond James Financial Inc. acquired a new position in Franklin Investment Grade Corporate ETF during the fourth quarter valued at approximately $1,252,000. Atria Investments Inc grew its stake in Franklin Investment Grade Corporate ETF by 1.7% during the fourth 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 period. Bank of New York Mellon Corp increased its position in shares of Franklin Investment Grade Corporate ETF by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 136,071 shares of the company’s stock worth $2,869,000 after acquiring an additional 5,936 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of Franklin Investment Grade Corporate ETF by 13.8% in the fourth quarter. Truist Financial Corp now owns 123,121 shares of the company’s stock worth $2,596,000 after acquiring an additional 14,883 shares in the last quarter.

Franklin Investment Grade Corporate ETF Stock Performance

NYSEARCA:FLCO opened at $21.42 on Tuesday. The firm’s fifty day simple moving average is $21.30 and its 200 day simple moving average is $21.43. Franklin Investment Grade Corporate ETF has a twelve month low of $20.60 and a twelve month high of $22.25.

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.