Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Large Volume Increase – Still a Buy?

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw unusually-high trading volume on Tuesday . Approximately 4,033,408 shares traded hands during trading, an increase of 841% from the previous session’s volume of 428,568 shares.The stock last traded at $21.27 and had previously closed at $21.22.

Franklin U.S. Core Bond ETF Stock Performance

The business has a 50 day moving average of $21.41 and a 200-day moving average of $21.58.

Institutional Investors Weigh In On Franklin U.S. Core Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 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 buying an additional 975,606 shares during the period. Sanctuary Advisors LLC increased its position in shares of Franklin U.S. Core Bond ETF by 11.2% during the first quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock valued at $66,215,000 after buying an additional 311,379 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Franklin U.S. Core Bond ETF by 8.7% during the first quarter. Janney Montgomery Scott LLC now owns 2,378,561 shares of the company’s stock valued at $51,115,000 after buying an additional 189,498 shares during the period. Bank of America Corp DE increased its position in shares of 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 valued at $46,966,000 after buying an additional 257,025 shares during the period. Finally, LPL Financial LLC increased its position in shares of Franklin U.S. Core Bond ETF by 20.0% during the fourth quarter. LPL Financial LLC now owns 1,259,704 shares of the company’s stock valued at $27,241,000 after buying an additional 209,966 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.