Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB – Get Free Report) passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $20.64 and traded as low as $20.55. Franklin U.S. Core Bond ETF shares last traded at $20.55, with a volume of 409,439 shares.
Franklin U.S. Core Bond ETF Stock Performance
The firm has a 50 day moving average of $20.64 and a 200-day moving average of $21.21.
Institutional Trading of Franklin U.S. Core Bond ETF
Institutional investors and hedge funds have recently modified their holdings of the company. 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 purchasing an additional 975,606 shares during the period. Bank of America Corp DE lifted its position in Franklin U.S. Core Bond ETF by 13.3% in the first quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after purchasing an additional 257,025 shares during the period. Envestnet Asset Management Inc. lifted its position 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 worth $30,339,000 after purchasing an additional 38,042 shares during the period. Hantz Financial Services Inc. bought a new position in Franklin U.S. Core Bond ETF in the third quarter worth $28,437,000. Finally, Cetera Investment Advisers boosted its stake in Franklin U.S. Core Bond ETF by 14.6% during the first quarter. Cetera Investment Advisers now owns 631,659 shares of the company’s stock worth $13,574,000 after buying an additional 80,603 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.
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