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

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw unusually-high trading volume on Monday . 259,224 shares traded hands during mid-day 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 Stock Performance

The stock has a 50-day moving average of $21.18 and a 200-day moving average of $21.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLCB. Wilmington Savings Fund Society FSB bought a new stake in shares of Franklin U.S. Core Bond ETF during the third quarter valued at approximately $52,000. Kestra Advisory Services LLC bought a new stake in Franklin U.S. Core Bond ETF during the 4th quarter valued at $78,000. Orion Porfolio Solutions LLC acquired a new position in Franklin U.S. Core Bond ETF during the 4th quarter worth $212,000. O Shaughnessy Asset Management LLC boosted its position in Franklin U.S. Core Bond ETF by 185.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,203 shares of the company’s stock worth $242,000 after acquiring an additional 7,284 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Franklin U.S. Core Bond ETF in the first quarter worth $335,000.

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.