Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Reaches New 1-Year Low – Here’s Why

by · The Cerbat Gem

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $20.88 and last traded at $20.8850, with a volume of 146764 shares trading hands. The stock had previously closed at $20.95.

Franklin U.S. Core Bond ETF Price Performance

The firm’s 50-day moving average is $21.11 and its two-hundred day moving average is $21.35.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLCB. Integrated Wealth Concepts LLC bought a new position in shares of Franklin U.S. Core Bond ETF during the 2nd quarter worth $48,000. Wilmington Savings Fund Society FSB purchased a new stake in Franklin U.S. Core Bond ETF during the third quarter worth $52,000. Kestra Advisory Services LLC bought a new stake in Franklin U.S. Core Bond ETF during the 4th quarter valued at $78,000. Orion Porfolio Solutions LLC bought a new stake in Franklin U.S. Core Bond ETF during the 4th quarter valued at $212,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of 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 during the period.

Franklin U.S. Core Bond ETF Company Profile

(Get Free Report)

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.

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