Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sets New 1-Year Low – Should You Sell?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCBGet Free Report)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $20.68 and last traded at $20.6750, with a volume of 94722 shares changing hands. The stock had previously closed at $20.78.

Franklin U.S. Core Bond ETF Trading Down 0.7%

The stock has a fifty day simple moving average of $21.02 and a 200-day simple moving average of $21.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Franklin U.S. Core Bond ETF by 13.3% in the first quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after purchasing an additional 257,025 shares during the period. Sequent Planning LLC grew its holdings in shares of Franklin U.S. Core Bond ETF by 10.0% in the 1st quarter. Sequent Planning LLC now owns 935,273 shares of the company’s stock valued at $20,099,000 after buying an additional 84,735 shares during the period. Natixis Advisors LLC grew its holdings in shares of Franklin U.S. Core Bond ETF by 73.3% in the 4th quarter. Natixis Advisors LLC now owns 127,744 shares of the company’s stock valued at $2,762,000 after buying an additional 54,048 shares during the period. World Investment Advisors bought a new stake in shares of Franklin U.S. Core Bond ETF in the 4th quarter valued at $1,497,000. Finally, Capital Analysts LLC raised its stake in Franklin U.S. Core Bond ETF by 53,195.9% during the 2nd quarter. Capital Analysts LLC now owns 219,579 shares of the company’s stock worth $4,699,000 after buying an additional 219,167 shares during the period.

About Franklin U.S. Core Bond ETF

(Get Free Report)

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.

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