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

by · The Markets Daily

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 474,114 shares were traded during mid-day 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 Up 0.1 %

The firm’s 50-day moving average is $21.26 and its two-hundred day moving average is $21.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLCB. Franklin Resources Inc. grew its position in shares of Franklin U.S. Core Bond ETF by 23.9% in the third quarter. Franklin Resources Inc. now owns 78,695,720 shares of the company’s stock valued at $1,701,401,000 after purchasing an additional 15,178,085 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Franklin U.S. Core Bond ETF by 16.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,419,392 shares of the company’s stock worth $51,412,000 after acquiring an additional 337,423 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Franklin U.S. Core Bond ETF by 8.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,259,391 shares of the company’s stock valued at $49,729,000 after purchasing an additional 166,963 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Franklin U.S. Core Bond ETF by 3.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 833,507 shares of the company’s stock worth $17,612,000 after buying an additional 30,877 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Franklin U.S. Core Bond ETF by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 813,175 shares of the company’s stock worth $17,898,000 after buying an additional 78,609 shares during the last quarter.

About Franklin U.S. Core Bond ETF

(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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