Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sets New 1-Year Low – Should You Sell?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB)’s stock price reached a new 52-week low 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 company’s fifty day moving average is $21.30 and its two-hundred day moving average is $21.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLCB. Wilmington Savings Fund Society FSB purchased a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter valued at $52,000. Kestra Advisory Services LLC purchased a new position in Franklin U.S. Core Bond ETF during the 4th quarter valued at about $78,000. Orion Porfolio Solutions LLC purchased a new position in Franklin U.S. Core Bond ETF during the 4th quarter valued at about $212,000. IFP Advisors Inc grew its position 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 valued at $220,000 after acquiring an additional 2,136 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in 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 acquiring an additional 7,284 shares in the last quarter.

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.