Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Strong Trading Volume – Time to Buy?

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw an uptick in trading volume on Monday . 1,072,196 shares changed 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 Stock Up 0.1 %

The stock’s 50 day moving average is $21.37 and its 200 day moving average is $21.53.

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

A number of institutional investors have recently modified their holdings of the business. World Investment Advisors LLC bought a new stake in Franklin U.S. Core Bond ETF in the 3rd quarter valued at about $203,000. B. Riley Wealth Advisors Inc. acquired a new stake in Franklin U.S. Core Bond ETF during the third quarter worth approximately $260,000. Cullen Frost Bankers Inc. bought a new stake in shares of Franklin U.S. Core Bond ETF during the 2nd quarter valued at $275,000. Natixis Advisors LLC acquired a new stake in shares of Franklin U.S. Core Bond ETF during the 3rd quarter worth $360,000. Finally, Park Avenue Securities LLC increased its position in shares of Franklin U.S. Core Bond ETF by 31.8% in the third quarter. Park Avenue Securities LLC now owns 21,355 shares of the company’s stock worth $470,000 after purchasing an additional 5,147 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.