Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Reaches New 52-Week Low – What’s Next?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB – Get Free Report)’s stock price hit a new 52-week low 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 Price Performance

The stock’s 50-day moving average is $20.87 and its 200 day moving average is $21.19.

Institutional Trading of Franklin U.S. Core Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in Franklin U.S. Core Bond ETF by 2.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,417,696 shares of the company’s stock valued at $30,339,000 after buying an additional 38,042 shares during the last quarter. Capital Analysts LLC raised its stake in shares of Franklin U.S. Core Bond ETF by 53,195.9% during the second 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. Integrated Wealth Concepts LLC acquired a new stake in shares of Franklin U.S. Core Bond ETF in the 2nd quarter worth $48,000. RFG Advisory LLC acquired a new stake in Franklin U.S. Core Bond ETF in the second quarter valued at about $3,965,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Franklin U.S. Core Bond ETF by 11.2% in the second quarter. NewEdge Advisors LLC now owns 80,454 shares of the company’s stock valued at $1,722,000 after buying an additional 8,119 shares in the last quarter.

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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