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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $20.68 and last traded at $20.6750, with a volume of 94722 shares changing hands. The stock had previously closed at $20.78.

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

The company has a fifty day moving average of $20.99 and a 200-day moving average of $21.25.

Institutional Trading of Franklin U.S. Core Bond ETF

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in Franklin U.S. Core Bond ETF by 13.3% in 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 buying an additional 257,025 shares during the last quarter. Sequent Planning LLC boosted its stake in shares of Franklin U.S. Core Bond ETF by 10.0% in the 1st quarter. Sequent Planning LLC now owns 935,273 shares of the company’s stock worth $20,099,000 after buying an additional 84,735 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Franklin U.S. Core Bond ETF by 73.3% in the 4th quarter. Natixis Advisors LLC now owns 127,744 shares of the company’s stock worth $2,762,000 after buying an additional 54,048 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Franklin U.S. Core Bond ETF by 53,195.9% in the second quarter. Capital Analysts LLC now owns 219,579 shares of the company’s stock valued at $4,699,000 after acquiring an additional 219,167 shares in the last quarter. Finally, World Investment Advisors bought a new position in shares of Franklin U.S. Core Bond ETF in the fourth quarter valued at approximately $1,497,000.

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.