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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) shares saw strong trading volume on Monday . 1,072,196 shares traded hands during trading, an increase of 224% from the previous session’s volume of 330,470 shares.The stock last traded at $21.01 and had previously closed at $21.08.

Franklin U.S. Core Bond ETF Price Performance

The business has a 50 day simple moving average of $21.37 and a 200 day simple moving average of $21.53.

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. raised its holdings in shares of Franklin U.S. Core Bond ETF by 23.9% in the 3rd quarter. Franklin Resources Inc. now owns 78,695,720 shares of the company’s stock valued at $1,701,401,000 after purchasing an additional 15,178,085 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Franklin U.S. Core Bond ETF by 16.2% in the third quarter. Sanctuary Advisors LLC now owns 2,419,392 shares of the company’s stock valued at $51,412,000 after buying an additional 337,423 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Franklin U.S. Core Bond ETF by 8.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,259,391 shares of the company’s stock worth $49,729,000 after acquiring an additional 166,963 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Franklin U.S. Core Bond ETF during the 2nd quarter worth approximately $40,020,000. Finally, Bank of New York Mellon Corp lifted its holdings in Franklin U.S. Core Bond ETF by 8.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,304,022 shares of the company’s stock valued at $27,554,000 after purchasing an additional 103,721 shares during the last quarter.

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.