Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Stock Price Up 0% – Still a Buy?

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD)’s stock price traded up 0% during trading on Monday . The company traded as high as $91.20 and last traded at $90.78. 40,353 shares were traded during trading, an increase of 31% from the average session volume of 30,788 shares. The stock had previously closed at $90.75.

Franklin Liberty Short Duration US Government ETF Stock Up 0.2%

The stock has a 50 day moving average price of $90.97 and a two-hundred day moving average price of $90.84.

Hedge Funds Weigh In On Franklin Liberty Short Duration US Government ETF

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of Franklin Liberty Short Duration US Government ETF by 891.5% during the second quarter. PNC Financial Services Group Inc. now owns 466 shares of the company’s stock worth $42,000 after purchasing an additional 419 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in Franklin Liberty Short Duration US Government ETF during the 2nd quarter worth approximately $56,000. Steward Partners Investment Advisory LLC acquired a new stake in Franklin Liberty Short Duration US Government ETF during the 2nd quarter worth approximately $63,000. Ameriflex Group Inc. acquired a new stake in Franklin Liberty Short Duration US Government ETF during the 3rd quarter worth approximately $180,000. Finally, Envestnet Asset Management Inc. purchased a new position in Franklin Liberty Short Duration US Government ETF in the 2nd quarter valued at approximately $217,000.

About Franklin Liberty Short Duration US Government ETF

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.