Truist Financial Corp grew its stake in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Free Report) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 84,667 shares of the company’s stock after acquiring an additional 5,519 shares during the period. Truist Financial Corp’s holdings in Franklin Investment Grade Corporate ETF were worth $1,833,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brown Advisory Inc. purchased a new stake in shares of Franklin Investment Grade Corporate ETF in the 3rd quarter worth $469,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Franklin Investment Grade Corporate ETF in the third quarter valued at about $457,000. Finally, International Assets Investment Management LLC purchased a new stake in Franklin Investment Grade Corporate ETF in the fourth quarter worth about $260,000.
Franklin Investment Grade Corporate ETF Price Performance
NYSEARCA FLCO opened at $20.99 on Friday. Franklin Investment Grade Corporate ETF has a one year low of $19.68 and a one year high of $21.77. The company’s 50-day simple moving average is $21.04 and its two-hundred day simple moving average is $21.06.
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.
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Want to see what other hedge funds are holding FLCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Free Report).
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Source: defenseworld.net
