Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw unusually-high trading volume on Tuesday . Approximately 726,910 shares changed hands during trading, an increase of 70% from the previous session’s volume of 426,614 shares.The stock last traded at $21.40 and had previously closed at $21.43.

Franklin U.S. Core Bond ETF Stock Down 0.3%

The business has a fifty day simple moving average of $21.69 and a 200-day simple moving average of $21.71.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its stake in Franklin U.S. Core Bond ETF by 43.9% during the third quarter. Hantz Financial Services Inc. now owns 2,814,763 shares of the company’s stock worth $61,137,000 after acquiring an additional 858,541 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Franklin U.S. Core Bond ETF by 6.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,192,579 shares of the company’s stock valued at $47,415,000 after purchasing an additional 140,609 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Franklin U.S. Core Bond ETF by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,189,063 shares of the company’s stock worth $47,339,000 after buying an additional 55,521 shares during the last quarter. LPL Financial LLC raised its holdings in Franklin U.S. Core Bond ETF by 20.0% in the fourth quarter. LPL Financial LLC now owns 1,259,704 shares of the company’s stock worth $27,241,000 after buying an additional 209,966 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Franklin U.S. Core Bond ETF by 0.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,176,604 shares of the company’s stock worth $25,556,000 after buying an additional 9,610 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.