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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw unusually-high trading volume on Tuesday . Approximately 474,114 shares were traded during mid-day 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 Performance

The company’s 50-day simple moving average is $21.26 and its 200-day simple moving average is $21.51.

Institutional Trading of Franklin U.S. Core Bond ETF

Institutional investors have recently bought and sold shares of the company. First Citizens Financial Corp purchased a new stake in shares of Franklin U.S. Core Bond ETF during the 4th quarter worth about $308,000. JPMorgan Chase & Co. boosted its stake in Franklin U.S. Core Bond ETF by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 813,175 shares of the company’s stock valued at $17,898,000 after acquiring an additional 78,609 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Franklin U.S. Core Bond ETF in the third quarter worth $260,000. Franklin Resources Inc. lifted its holdings 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 worth $1,701,401,000 after acquiring an additional 15,178,085 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter worth approximately $203,000.

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.