Envestnet Asset Management Inc. Sells 50,486 Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)

Envestnet Asset Management Inc. cut its holdings in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 28.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,452 shares of the company’s stock after selling 50,486 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Franklin Investment Grade Corporate ETF were worth $2,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLCO. Envestnet Portfolio Solutions Inc. lifted its position in shares of 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 valued at $565,000 after acquiring an additional 3,499 shares during the period. Hantz Financial Services Inc. acquired a new stake in Franklin Investment Grade Corporate ETF in the second quarter worth $66,123,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Franklin Investment Grade Corporate ETF by 16.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 247,705 shares of the company’s stock valued at $5,288,000 after purchasing an additional 34,337 shares in the last quarter.

Franklin Investment Grade Corporate ETF Trading Down 0.5 %

Shares of NYSEARCA FLCO opened at $21.85 on Friday. The firm’s 50-day moving average price is $21.87 and its 200-day moving average price is $21.36. Franklin Investment Grade Corporate ETF has a 1-year low of $19.68 and a 1-year high of $22.25.

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.