Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sets New 12-Month High – Still a Buy?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $21.95 and last traded at $21.9450, with a volume of 161259 shares traded. The stock had previously closed at $21.91.

Franklin U.S. Core Bond ETF Stock Up 0.2%

The firm has a fifty day moving average price of $21.70 and a 200 day moving average price of $21.70.

Franklin U.S. Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.0808 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is an increase from Franklin U.S. Core Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On Franklin U.S. Core Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Franklin U.S. Core Bond ETF by 6.6% in the first quarter. Royal Bank of Canada now owns 60,053 shares of the company’s stock valued at $1,291,000 after purchasing an additional 3,707 shares during the period. NewEdge Advisors LLC increased its holdings in Franklin U.S. Core Bond ETF by 1,614.2% in the first quarter. NewEdge Advisors LLC now owns 37,506 shares of the company’s stock valued at $806,000 after buying an additional 35,318 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Franklin U.S. Core Bond ETF by 18.0% during the 2nd quarter. Assetmark Inc. now owns 510,580 shares of the company’s stock worth $10,988,000 after acquiring an additional 77,817 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Franklin U.S. Core Bond ETF by 10.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,657,729 shares of the company’s stock worth $35,674,000 after acquiring an additional 156,344 shares during the period. Finally, CENTRAL TRUST Co increased its stake in Franklin U.S. Core Bond ETF by 4.4% in the 2nd quarter. CENTRAL TRUST Co now owns 164,623 shares of the company’s stock valued at $3,543,000 after purchasing an additional 6,890 shares in 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.