Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw unusually-strong trading volume on Tuesday . Approximately 474,114 shares changed hands during trading, an increase of 110% from the previous session’s volume of 225,807 shares.The stock last traded at $20.95 and had previously closed at $21.01.

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

The business’s fifty day moving average is $21.28 and its two-hundred day moving average is $21.52.

Institutional Trading of Franklin U.S. Core Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Franklin U.S. Core Bond ETF by 23.9% in the third quarter. Franklin Resources Inc. now owns 78,695,720 shares of the company’s stock valued at $1,701,401,000 after buying an additional 15,178,085 shares during the period. Sanctuary Advisors LLC bought a new stake in Franklin U.S. Core Bond ETF in the second quarter valued at approximately $43,222,000. Janney Montgomery Scott LLC raised its holdings in Franklin U.S. Core Bond ETF by 8.0% in the third quarter. Janney Montgomery Scott LLC now owns 2,259,391 shares of the company’s stock worth $49,729,000 after purchasing an additional 166,963 shares during the period. Assetmark Inc. boosted its position in shares of Franklin U.S. Core Bond ETF by 48.0% during the third quarter. Assetmark Inc. now owns 287,065 shares of the company’s stock worth $6,318,000 after purchasing an additional 93,109 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Franklin U.S. Core Bond ETF by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 813,175 shares of the company’s stock valued at $17,898,000 after buying an additional 78,609 shares during the period.

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.