Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Reaches New 12-Month Low – Time to Sell?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) hit a new 52-week low during trading on Friday . The stock traded as low as $21.04 and last traded at $21.05, with a volume of 46886 shares changing hands. The stock had previously closed at $21.11.

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

The company has a fifty day simple moving average of $21.28 and a two-hundred day simple moving average of $21.47.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of Franklin U.S. Core Bond ETF by 14.0% in the first quarter. NewEdge Advisors LLC now owns 72,335 shares of the company’s stock valued at $1,554,000 after purchasing an additional 8,902 shares in the last quarter. Bank of America Corp DE boosted its stake in Franklin U.S. Core Bond ETF by 13.3% during the first quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after buying an additional 257,025 shares in the last quarter. Royal Bank of Canada boosted its stake in Franklin U.S. Core Bond ETF by 1.3% during the first quarter. Royal Bank of Canada now owns 69,525 shares of the company’s stock worth $1,494,000 after buying an additional 863 shares in the last quarter. Compound Planning Inc. bought a new stake in Franklin U.S. Core Bond ETF in the 1st quarter valued at $374,000. Finally, Cetera Investment Advisers increased its holdings in Franklin U.S. Core Bond ETF by 14.6% in the 1st quarter. Cetera Investment Advisers now owns 631,659 shares of the company’s stock valued at $13,574,000 after buying an additional 80,603 shares during the period.

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.