Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) shares passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $20.64 and traded as low as $20.55. Franklin U.S. Core Bond ETF shares last traded at $20.55, with a volume of 409,439 shares changing hands.

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

The company has a 50-day simple moving average of $20.64 and a 200 day simple moving average of $21.21.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. bought a new position in Franklin U.S. Core Bond ETF during the third quarter worth $28,437,000. Bank of New York Mellon Corp boosted its holdings in Franklin U.S. Core Bond ETF by 44.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock valued at $68,084,000 after purchasing an additional 975,606 shares during the period. Citadel Advisors LLC acquired a new stake in Franklin U.S. Core Bond ETF in the 2nd quarter worth $9,607,000. Bank of America Corp DE grew its position 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 worth $46,966,000 after purchasing an additional 257,025 shares during the last quarter. Finally, Capital Analysts LLC grew its position in Franklin U.S. Core Bond ETF by 53,195.9% in the 2nd quarter. Capital Analysts LLC now owns 219,579 shares of the company’s stock worth $4,699,000 after purchasing an additional 219,167 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.