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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw strong trading volume on Monday . 1,072,196 shares changed hands during mid-day 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 firm has a 50 day moving average price of $21.39 and a 200-day moving average price of $21.53.

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

Several institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased 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 worth $1,701,401,000 after buying an additional 15,178,085 shares during the period. Sanctuary Advisors LLC increased its position in Franklin U.S. Core Bond ETF by 16.2% during the third quarter. Sanctuary Advisors LLC now owns 2,419,392 shares of the company’s stock worth $51,412,000 after buying an additional 337,423 shares during the period. Janney Montgomery Scott LLC increased its position in Franklin U.S. Core Bond ETF by 8.0% during the third quarter. Janney Montgomery Scott LLC now owns 2,259,391 shares of the company’s stock worth $49,729,000 after buying an additional 166,963 shares during the period. Hantz Financial Services Inc. acquired a new position in Franklin U.S. Core Bond ETF during the second quarter worth approximately $40,020,000. Finally, Bank of New York Mellon Corp increased its position 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 period.

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.