Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Reaches New 12-Month Low – Time to Sell?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $21.04 and last traded at $21.05, with a volume of 46886 shares changing hands. The stock had previously closed at $21.11.

Franklin U.S. Core Bond ETF Stock Down 0.3%

The stock has a fifty day moving average of $21.28 and a 200-day moving average of $21.47.

Institutional Trading of Franklin U.S. Core Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of Franklin U.S. Core Bond ETF by 44.5% in the first quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock worth $68,084,000 after acquiring an additional 975,606 shares in the last quarter. Sanctuary Advisors LLC grew its position in Franklin U.S. Core Bond ETF by 11.2% during the 1st quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock worth $66,215,000 after purchasing an additional 311,379 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Franklin U.S. Core Bond ETF by 8.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,378,561 shares of the company’s stock valued at $51,115,000 after purchasing an additional 189,498 shares during the period. Bank of America Corp DE raised its stake in Franklin U.S. Core Bond ETF by 13.3% during the 1st quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock valued at $46,966,000 after purchasing an additional 257,025 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Franklin U.S. Core Bond ETF by 20.0% in the fourth quarter. LPL Financial LLC now owns 1,259,704 shares of the company’s stock valued at $27,241,000 after purchasing an additional 209,966 shares in the last quarter.

About Franklin U.S. Core Bond ETF

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.