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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $20.92 and last traded at $20.96, with a volume of 20499 shares trading hands. The stock had previously closed at $21.04.

Franklin U.S. Core Bond ETF Stock Performance

The firm’s 50 day moving average is $21.17 and its 200 day moving average is $21.38.

Institutional Trading of Franklin U.S. Core Bond ETF

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter worth approximately $52,000. Kestra Advisory Services LLC purchased a new position in Franklin U.S. Core Bond ETF during the fourth quarter valued at $78,000. Orion Porfolio Solutions LLC bought a new stake in Franklin U.S. Core Bond ETF in the fourth quarter worth $212,000. O Shaughnessy Asset Management LLC grew its position in Franklin U.S. Core Bond ETF by 185.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,203 shares of the company’s stock valued at $242,000 after purchasing an additional 7,284 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of Franklin U.S. Core Bond ETF during the first quarter valued at approximately $335,000.

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.