Franklin Liberty Investment Grade Corporate ETF (NYSEARCA:FLCO) Stock Price Down 0.7%

Shares of Franklin Liberty Investment Grade Corporate ETF (NYSEARCA:FLCO) were down 0.7% during mid-day trading on Friday . The stock traded as low as $25.23 and last traded at $25.24. Approximately 4,951 shares changed hands during trading, a decline of 88% from the average daily volume of 42,435 shares. The stock had previously closed at $25.43.

The company’s 50-day simple moving average is $25.77 and its 200-day simple moving average is $26.07.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLCO. Advisor Group Holdings Inc. raised its position in shares of Franklin Liberty Investment Grade Corporate ETF by 6.1% in the second quarter. Advisor Group Holdings Inc. now owns 8,943 shares of the company’s stock valued at $234,000 after buying an additional 513 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Franklin Liberty Investment Grade Corporate ETF by 57.0% in the second quarter. Envestnet Asset Management Inc. now owns 90,568 shares of the company’s stock valued at $2,373,000 after buying an additional 32,863 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Franklin Liberty Investment Grade Corporate ETF by 21.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,904 shares of the company’s stock valued at $364,000 after buying an additional 2,442 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Franklin Liberty Investment Grade Corporate ETF in the second quarter valued at approximately $401,000. Finally, Franklin Resources Inc. raised its position in shares of Franklin Liberty Investment Grade Corporate ETF by 1.1% in the second quarter. Franklin Resources Inc. now owns 38,441,518 shares of the company’s stock valued at $1,007,168,000 after buying an additional 411,228 shares in the last quarter.

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