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

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw unusually-high trading volume on Tuesday . Approximately 474,114 shares traded hands during trading, an increase of 110% from the previous session’s volume of 225,807 shares.The stock last traded at $20.95 and had previously closed at $21.01.

Franklin U.S. Core Bond ETF Stock Performance

The firm has a 50-day moving average of $21.28 and a two-hundred day moving average of $21.52.

Hedge Funds Weigh In On Franklin U.S. Core Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Park Avenue Securities LLC raised its stake 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 acquiring an additional 5,147 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Franklin U.S. Core Bond ETF by 5.3% in the second quarter. Clearbridge Investments LLC now owns 29,890 shares of the company’s stock worth $632,000 after purchasing an additional 1,502 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Franklin U.S. Core Bond ETF by 3.8% in the second quarter. Envestnet Asset Management Inc. now owns 833,507 shares of the company’s stock worth $17,612,000 after purchasing an additional 30,877 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Franklin U.S. Core Bond ETF by 8.0% during the third quarter. Janney Montgomery Scott LLC now owns 2,259,391 shares of the company’s stock worth $49,729,000 after purchasing an additional 166,963 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of Franklin U.S. Core Bond ETF by 16.2% in the third quarter. Sanctuary Advisors LLC now owns 2,419,392 shares of the company’s stock valued at $51,412,000 after buying an additional 337,423 shares in the last quarter.

Franklin U.S. Core Bond ETF Company Profile

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.