Verus Capital Partners LLC Sells 855 Shares of Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO)

Verus Capital Partners LLC lessened its stake in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) by 4.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,211 shares of the company’s stock after selling 855 shares during the quarter. Verus Capital Partners LLC’s holdings in Franklin Investment Grade Corporate ETF were worth $426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Franklin Investment Grade Corporate ETF by 4.6% in the 4th quarter. Bank of New York Mellon Corp now owns 136,071 shares of the company’s stock valued at $2,869,000 after acquiring an additional 5,936 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Franklin Investment Grade Corporate ETF by 44.0% in the 3rd quarter. MML Investors Services LLC now owns 29,254 shares of the company’s stock valued at $646,000 after purchasing an additional 8,934 shares during the period. Truist Financial Corp raised its stake in shares of Franklin Investment Grade Corporate ETF by 13.8% in the 4th quarter. Truist Financial Corp now owns 123,121 shares of the company’s stock valued at $2,596,000 after purchasing an additional 14,883 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 9.1% in the fourth quarter. Sanctuary Advisors LLC now owns 255,416 shares of the company’s stock valued at $5,426,000 after purchasing an additional 21,234 shares in the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Franklin Investment Grade Corporate ETF during the third quarter worth about $1,063,000.

Franklin Investment Grade Corporate ETF Price Performance

Shares of Franklin Investment Grade Corporate ETF stock opened at $21.51 on Friday. The business’s 50 day simple moving average is $21.16 and its 200 day simple moving average is $21.51. 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.