Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sets New 12-Month Low – What’s Next?

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCBGet Free Report) hit 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 traded. The stock had previously closed at $20.95.

Franklin U.S. Core Bond ETF Stock Down 0.6%

The firm has a fifty day moving average of $21.09 and a 200 day moving average of $21.33.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in Franklin U.S. Core Bond ETF in the second quarter valued at approximately $48,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Franklin U.S. Core Bond ETF during the 3rd quarter worth approximately $52,000. Kestra Advisory Services LLC acquired a new position in shares of Franklin U.S. Core Bond ETF in the 4th quarter valued at $78,000. Orion Porfolio Solutions LLC acquired a new position in shares of Franklin U.S. Core Bond ETF in the 4th quarter valued at $212,000. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Franklin U.S. Core Bond ETF by 185.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,203 shares of the company’s stock valued at $242,000 after buying an additional 7,284 shares during the last quarter.

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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