Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Strong Trading Volume – Here’s What Happened

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw an uptick in trading volume on Tuesday . 893,872 shares changed hands during trading, an increase of 166% from the previous session’s volume of 335,527 shares.The stock last traded at $21.06 and had previously closed at $21.09.

Franklin U.S. Core Bond ETF Stock Down 0.1 %

The firm’s 50 day simple moving average is $21.33 and its 200 day simple moving average is $21.53.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FLCB. Franklin Resources Inc. raised its position in Franklin U.S. Core Bond ETF by 23.9% during the third quarter. Franklin Resources Inc. now owns 78,695,720 shares of the company’s stock valued at $1,701,401,000 after acquiring an additional 15,178,085 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Franklin U.S. Core Bond ETF during the 2nd quarter valued at about $43,222,000. Janney Montgomery Scott LLC increased its holdings in shares of 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 valued at $49,729,000 after purchasing an additional 166,963 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Franklin U.S. Core Bond ETF by 8.6% during the second quarter. Bank of New York Mellon Corp now owns 1,304,022 shares of the company’s stock worth $27,554,000 after buying an additional 103,721 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Franklin U.S. Core Bond ETF by 48.0% in the 3rd quarter. Assetmark Inc. now owns 287,065 shares of the company’s stock valued at $6,318,000 after buying an additional 93,109 shares in 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.