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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $20.68 and last traded at $20.6750, with a volume of 94722 shares traded. The stock had previously closed at $20.78.

Franklin U.S. Core Bond ETF Price Performance

The company has a 50-day moving average of $21.02 and a 200-day moving average of $21.27.

Institutional Investors Weigh In On Franklin U.S. Core Bond ETF

Several large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in Franklin U.S. Core Bond ETF in the 2nd quarter valued at $48,000. Fifth Third Bancorp bought a new position in Franklin U.S. Core Bond ETF during the 1st quarter worth about $335,000. Compound Planning Inc. acquired a new stake in shares of Franklin U.S. Core Bond ETF in the 1st quarter valued at about $374,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Franklin U.S. Core Bond ETF by 43.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 33,758 shares of the company’s stock valued at $725,000 after purchasing an additional 10,261 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Franklin U.S. Core Bond ETF by 4.1% in the first quarter. Private Advisor Group LLC now owns 44,150 shares of the company’s stock valued at $949,000 after purchasing an additional 1,726 shares in the last quarter.

Franklin U.S. Core Bond ETF Company Profile

(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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