Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sets New 52-Week Low – Should You Sell?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $20.25 and last traded at $20.3150, with a volume of 73688 shares. The stock had previously closed at $20.32.

Franklin U.S. Core Bond ETF Trading Up 0.3%

The business has a 50-day simple moving average of $20.85 and a 200 day simple moving average of $21.17.

Institutional Trading of Franklin U.S. Core Bond ETF

Several large investors have recently added to or reduced their stakes in FLCB. Bank of New York Mellon Corp increased its position in shares of Franklin U.S. Core Bond ETF by 44.5% during the first quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock valued at $68,084,000 after buying an additional 975,606 shares during the period. Citadel Advisors LLC purchased a new stake in Franklin U.S. Core Bond ETF in the second quarter worth about $9,607,000. Sanctuary Advisors LLC lifted its holdings in Franklin U.S. Core Bond ETF by 11.2% in the first quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock worth $66,215,000 after buying an additional 311,379 shares during the period. Bank of America Corp DE boosted its position in Franklin U.S. Core Bond ETF by 13.3% during 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 acquiring an additional 257,025 shares in the last quarter. Finally, Capital Analysts LLC boosted its position in Franklin U.S. Core Bond ETF by 53,195.9% during the 2nd 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.

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.