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

HighTower Advisors LLC cut its stake in shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 69.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,385 shares of the company’s stock after selling 34,183 shares during the quarter. HighTower Advisors LLC owned approximately 0.09% of Franklin Investment Grade Corporate ETF worth $340,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Franklin Investment Grade Corporate ETF during the 2nd quarter worth approximately $238,000. Atria Investments Inc acquired a new position in Franklin Investment Grade Corporate ETF in the third quarter worth $1,063,000. Flow Traders U.S. LLC bought a new stake in shares of Franklin Investment Grade Corporate ETF during the third quarter worth $1,899,000. Truist Financial Corp increased its stake in shares of Franklin Investment Grade Corporate ETF by 8.0% in the second quarter. Truist Financial Corp now owns 94,334 shares of the company’s stock valued at $1,991,000 after buying an additional 6,969 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in Franklin Investment Grade Corporate ETF during the 3rd quarter worth about $5,357,000.

Franklin Investment Grade Corporate ETF Stock Up 0.3 %

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