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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCBGet Free Report) shares saw an uptick in trading volume on Tuesday . 893,872 shares traded hands during mid-day 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 Trading Down 0.1 %

The company’s 50-day moving average price is $21.33 and its 200 day moving average price is $21.53.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC boosted its holdings in Franklin U.S. Core Bond ETF by 5.3% during the 2nd quarter. Clearbridge Investments LLC now owns 29,890 shares of the company’s stock valued at $632,000 after acquiring an additional 1,502 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Franklin U.S. Core Bond ETF by 4.9% in the third quarter. CENTRAL TRUST Co now owns 60,757 shares of the company’s stock valued at $1,337,000 after purchasing an additional 2,850 shares during the period. Park Avenue Securities LLC grew its holdings 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 valued at $470,000 after purchasing an additional 5,147 shares in the last quarter. Cetera Investment Advisers increased its stake in Franklin U.S. Core Bond ETF by 3.5% during the 2nd quarter. Cetera Investment Advisers now owns 185,447 shares of the company’s stock worth $3,919,000 after buying an additional 6,356 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in Franklin U.S. Core Bond ETF during the 3rd quarter worth approximately $203,000.

Franklin U.S. Core Bond ETF Company Profile

(Get Free Report)

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.

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