Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Hits New 12-Month Low – Should You Sell?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $21.06 and last traded at $21.06, with a volume of 35943 shares. The stock had previously closed at $21.11.

Franklin U.S. Core Bond ETF Price Performance

The business has a 50-day simple moving average of $21.29 and a 200 day simple moving average of $21.49.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Franklin U.S. Core Bond ETF during the third quarter valued at approximately $52,000. Kestra Advisory Services LLC bought a new stake in shares of Franklin U.S. Core Bond ETF during the 4th quarter valued at $78,000. Orion Porfolio Solutions LLC purchased a new position in shares of Franklin U.S. Core Bond ETF during the 4th quarter valued at $212,000. IFP Advisors Inc boosted its holdings in Franklin U.S. Core Bond ETF by 26.8% in the 3rd quarter. IFP Advisors Inc now owns 10,119 shares of the company’s stock worth $220,000 after buying an additional 2,136 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Franklin U.S. Core Bond ETF by 185.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,203 shares of the company’s stock valued at $242,000 after acquiring an additional 7,284 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.