Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Large Volume Increase – Here’s What Happened

Shares of Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw an uptick in trading volume on Thursday . Approximately 1,500,691 shares changed hands during trading, an increase of 223% from the previous session’s volume of 464,290 shares.The stock last traded at $21.23 and had previously closed at $21.21.

Franklin U.S. Core Bond ETF Stock Up 0.1%

The company has a 50 day moving average of $21.34 and a two-hundred day moving average of $21.53.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Franklin U.S. Core Bond ETF by 44.5% during the 1st quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock valued at $68,084,000 after acquiring an additional 975,606 shares during the period. MGO One Seven LLC boosted its stake in Franklin U.S. Core Bond ETF by 2,298.7% during the fourth quarter. MGO One Seven LLC now owns 377,895 shares of the company’s stock worth $8,172,000 after acquiring an additional 362,141 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Franklin U.S. Core Bond ETF by 11.2% in the first quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock worth $66,215,000 after purchasing an additional 311,379 shares during the period. Flow Traders U.S. LLC purchased a new stake in Franklin U.S. Core Bond ETF in the third quarter worth about $6,391,000. Finally, Bank of America Corp DE grew its holdings in Franklin U.S. Core Bond ETF by 13.3% in the first quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after purchasing an additional 257,025 shares during the period.

Franklin U.S. Core Bond ETF Company Profile

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.