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

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) shares saw an uptick in trading volume on Monday . 259,224 shares were traded during trading, a decline of 42% from the previous session’s volume of 443,439 shares.The stock last traded at $21.03 and had previously closed at $21.07.

Franklin U.S. Core Bond ETF Trading Down 0.6%

The firm has a fifty day moving average price of $21.16 and a 200 day moving average price of $21.38.

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 increased its position in shares of Franklin U.S. Core Bond ETF by 44.5% in the first quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock worth $68,084,000 after acquiring an additional 975,606 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Franklin U.S. Core Bond ETF by 11.2% in the 1st quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock valued at $66,215,000 after acquiring an additional 311,379 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Franklin U.S. Core Bond ETF by 8.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,378,561 shares of the company’s stock worth $51,115,000 after purchasing an additional 189,498 shares during the period. Bank of America Corp DE boosted its stake in Franklin U.S. Core Bond ETF by 13.3% in the 1st quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after purchasing an additional 257,025 shares during the period. Finally, LPL Financial LLC grew its position in Franklin U.S. Core Bond ETF by 20.0% during the 4th quarter. LPL Financial LLC now owns 1,259,704 shares of the company’s stock worth $27,241,000 after purchasing an additional 209,966 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.