Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 12-Month Low – Here’s Why

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $19.96 and last traded at $19.96, with a volume of 709 shares. The stock had previously closed at $20.02.

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

The company has a fifty day moving average of $20.17 and a 200 day moving average of $20.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Heartland Consultants Inc. boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 3.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 448,314 shares of the company’s stock valued at $9,092,000 after purchasing an additional 15,683 shares during the last quarter. Bank of America Corp DE raised its stake in Franklin U.S. Treasury Bond ETF by 1.9% during the first quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock worth $114,876,000 after buying an additional 107,211 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Franklin U.S. Treasury Bond ETF in the first quarter valued at $555,000. Geneos Wealth Management Inc. lifted its holdings in Franklin U.S. Treasury Bond ETF by 3.3% in the first quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock valued at $509,000 after buying an additional 794 shares during the period. Finally, Sequent Planning LLC boosted its position in Franklin U.S. Treasury Bond ETF by 10.3% during the first quarter. Sequent Planning LLC now owns 321,888 shares of the company’s stock valued at $6,576,000 after acquiring an additional 29,990 shares during the last quarter.

About Franklin U.S. Treasury Bond ETF

(Get Free Report)

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.

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