Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Reaches New 1-Year High – Still a Buy?

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) reached a new 52-week high during mid-day trading on Friday . The company 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 Price Performance

The business’s 50-day simple moving average is $21.71 and its two-hundred day simple moving average is $21.70.

Franklin U.S. Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.0808 per share. This represents a c) annualized dividend 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 was Monday, February 2nd.

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

Several large investors have recently bought and sold shares of FLCB. Root Financial Partners LLC bought a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter worth $38,000. CWM LLC bought a new stake in Franklin U.S. Core Bond ETF in the 3rd quarter worth about $50,000. Wilmington Savings Fund Society FSB purchased a new stake in Franklin U.S. Core Bond ETF in the 3rd quarter valued at about $52,000. Kestra Advisory Services LLC bought a new position in shares of Franklin U.S. Core Bond ETF during the 4th quarter worth approximately $78,000. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Franklin U.S. Core Bond ETF in the 4th quarter worth approximately $212,000.

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.