Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Reaches New 1-Year Low – Here’s Why

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $20.88 and last traded at $20.8850, with a volume of 146764 shares. The stock had previously closed at $20.95.

Franklin U.S. Core Bond ETF Stock Down 0.2%

The business has a 50 day simple moving average of $21.11 and a two-hundred day simple moving average of $21.35.

Institutional Trading of Franklin U.S. Core Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of FLCB. Royal Bank of Canada raised its position in Franklin U.S. Core Bond ETF by 6.6% in the first quarter. Royal Bank of Canada now owns 60,053 shares of the company’s stock worth $1,291,000 after acquiring an additional 3,707 shares during the period. NewEdge Advisors LLC increased its stake in Franklin U.S. Core Bond ETF by 1,614.2% in the 1st quarter. NewEdge Advisors LLC now owns 37,506 shares of the company’s stock worth $806,000 after buying an additional 35,318 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Franklin U.S. Core Bond ETF by 387.9% in the second quarter. Raymond James Financial Inc. now owns 297,437 shares of the company’s stock valued at $6,401,000 after acquiring an additional 236,473 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Franklin U.S. Core Bond ETF by 51.7% during the third quarter. Natixis Advisors LLC now owns 73,696 shares of the company’s stock worth $1,601,000 after purchasing an additional 25,100 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in Franklin U.S. Core Bond ETF by 1,246.7% during the 3rd quarter. Brooklyn Investment Group now owns 22,598 shares of the company’s stock valued at $491,000 after purchasing an additional 20,920 shares during the period.

Franklin U.S. Core Bond ETF Company Profile

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.