Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Strong Trading Volume – What’s Next?

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) shares saw unusually-strong trading volume on Wednesday. 1,152,629 shares traded hands during trading, an increase of 154% from the previous session’s volume of 453,220 shares. The stock last traded at $20.3950 and had previously closed at $20.44.

Franklin U.S. Core Bond ETF Price Performance

The firm has a 50-day moving average price of $20.95 and a two-hundred day moving average price of $21.23.

Institutional Trading of Franklin U.S. Core Bond ETF

A number of hedge funds have recently bought and sold shares of FLCB. Bank of New York Mellon Corp grew its position in Franklin U.S. Core Bond ETF by 44.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock worth $68,084,000 after purchasing an additional 975,606 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Franklin U.S. Core Bond ETF in the second quarter valued at about $9,607,000. Sanctuary Advisors LLC lifted its stake in shares of Franklin U.S. Core Bond ETF by 11.2% in the first quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock valued at $66,215,000 after buying an additional 311,379 shares during the period. Bank of America Corp DE grew its position in Franklin U.S. Core Bond ETF by 13.3% during the first quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after buying an additional 257,025 shares in the last quarter. Finally, Capital Analysts LLC grew its position in Franklin U.S. Core Bond ETF by 53,195.9% during the second quarter. Capital Analysts LLC now owns 219,579 shares of the company’s stock worth $4,699,000 after buying an additional 219,167 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.