HighTower Advisors LLC Sells 34,183 Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)

HighTower Advisors LLC cut its stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 69.0% in the third quarter, HoldingsChannel.com reports. The fund owned 15,385 shares of the company’s stock after selling 34,183 shares during the period. HighTower Advisors LLC’s holdings in Franklin Investment Grade Corporate ETF were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Benjamin Edwards Inc. acquired a new position in shares of Franklin Investment Grade Corporate ETF in the 3rd quarter valued at $5,357,000. Flow Traders U.S. LLC acquired a new stake in shares of Franklin Investment Grade Corporate ETF during the third quarter worth about $1,899,000. Hantz Financial Services Inc. lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 19.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,753,330 shares of the company’s stock valued at $82,931,000 after purchasing an additional 621,032 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Franklin Investment Grade Corporate ETF in the 3rd quarter valued at approximately $1,063,000. Finally, International Assets Investment Management LLC increased its stake in 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 purchasing an additional 662,716 shares in the last quarter.

Franklin Investment Grade Corporate ETF Stock Performance

Shares of FLCO stock opened at $21.12 on Monday. Franklin Investment Grade Corporate ETF has a 52 week low of $20.60 and a 52 week high of $22.25. The company’s 50 day moving average price is $21.49 and its two-hundred day moving average price is $21.56.

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.