Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Strong Trading Volume

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw an uptick in trading volume on Wednesday . 3,333,732 shares changed hands during mid-day trading, an increase of 1,211% from the previous session’s volume of 254,262 shares.The stock last traded at $21.25 and had previously closed at $21.32.

Franklin U.S. Core Bond ETF Trading Up 0.4 %

The business has a fifty day moving average price of $21.18 and a 200 day moving average price of $21.17.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Smithfield Trust Co bought a new position in Franklin U.S. Core Bond ETF during the fourth quarter valued at about $301,000. International Assets Investment Management LLC bought a new stake in shares of Franklin U.S. Core Bond ETF during the fourth quarter valued at approximately $528,000. Clearbridge Investments LLC increased its position in shares of Franklin U.S. Core Bond ETF by 3.2% during the first quarter. Clearbridge Investments LLC now owns 28,388 shares of the company’s stock valued at $606,000 after purchasing an additional 875 shares during the period. Cooper Financial Group raised its stake in shares of Franklin U.S. Core Bond ETF by 288.3% in the second quarter. Cooper Financial Group now owns 37,965 shares of the company’s stock valued at $802,000 after purchasing an additional 28,188 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in Franklin U.S. Core Bond ETF by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 54,184 shares of the company’s stock worth $1,171,000 after purchasing an additional 3,161 shares during the period.

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.