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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $21.95 and last traded at $21.9450, with a volume of 161259 shares changing hands. The stock had previously closed at $21.91.

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

The company’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $21.70.

Franklin U.S. Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.0808 dividend. The ex-dividend date was Monday, February 2nd. This is an increase from Franklin U.S. Core Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Trading of Franklin U.S. Core Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in shares of Franklin U.S. Core Bond ETF by 46.1% during the 4th quarter. NewEdge Advisors LLC now owns 63,433 shares of the company’s stock valued at $1,372,000 after acquiring an additional 20,016 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Franklin U.S. Core Bond ETF during the fourth quarter worth approximately $4,452,000. Cetera Investment Advisers increased its position in Franklin U.S. Core Bond ETF by 4.0% during the fourth quarter. Cetera Investment Advisers now owns 551,056 shares of the company’s stock worth $11,917,000 after purchasing an additional 21,352 shares during the last quarter. GeoWealth Management LLC purchased a new position in Franklin U.S. Core Bond ETF during the fourth quarter worth approximately $357,000. Finally, Royal Bank of Canada boosted its holdings in shares of Franklin U.S. Core Bond ETF by 6.5% in the 4th quarter. Royal Bank of Canada now owns 68,662 shares of the company’s stock valued at $1,485,000 after purchasing an additional 4,194 shares during 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.