Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw strong trading volume on Tuesday . 726,910 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 426,614 shares.The stock last traded at $21.40 and had previously closed at $21.43.

Franklin U.S. Core Bond ETF Trading Down 0.3%

The stock’s fifty day moving average is $21.69 and its 200 day moving average is $21.71.

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

A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Franklin U.S. Core Bond ETF by 6.6% during the first quarter. Royal Bank of Canada now owns 60,053 shares of the company’s stock valued at $1,291,000 after acquiring an additional 3,707 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Franklin U.S. Core Bond ETF by 1,614.2% during the 1st quarter. NewEdge Advisors LLC now owns 37,506 shares of the company’s stock valued at $806,000 after purchasing an additional 35,318 shares during the period. JPMorgan Chase & Co. increased its holdings in Franklin U.S. Core Bond ETF by 10.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 946,897 shares of the company’s stock valued at $20,377,000 after purchasing an additional 89,345 shares during the period. Raymond James Financial Inc. raised its position in Franklin U.S. Core Bond ETF by 387.9% during the 2nd quarter. Raymond James Financial Inc. now owns 297,437 shares of the company’s stock valued at $6,401,000 after purchasing an additional 236,473 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in Franklin U.S. Core Bond ETF by 68.7% during the 2nd quarter. Osaic Holdings Inc. now owns 135,329 shares of the company’s stock valued at $2,911,000 after purchasing an additional 55,129 shares during the last quarter.

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.