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

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCBGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 4,033,408 shares changed hands during mid-day trading, an increase of 841% from the previous session’s volume of 428,568 shares.The stock last traded at $21.27 and had previously closed at $21.22.

Franklin U.S. Core Bond ETF Price Performance

The company’s 50-day moving average is $21.41 and its two-hundred day moving average is $21.58.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Franklin U.S. Core Bond ETF in the 3rd quarter worth about $52,000. Kestra Advisory Services LLC bought a new position in Franklin U.S. Core Bond ETF during the fourth quarter valued at approximately $78,000. Orion Porfolio Solutions LLC purchased a new position in shares of Franklin U.S. Core Bond ETF during the fourth quarter worth approximately $212,000. IFP Advisors Inc raised its stake in shares of Franklin U.S. Core Bond ETF by 26.8% during the third quarter. IFP Advisors Inc now owns 10,119 shares of the company’s stock worth $220,000 after acquiring an additional 2,136 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter worth approximately $228,000.

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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