Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Reaches New 52-Week Low – Should You Sell?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $19.81 and last traded at $19.8250, with a volume of 24279 shares changing hands. The stock had previously closed at $19.87.

Franklin U.S. Treasury Bond ETF Trading Down 0.6%

The business’s fifty day moving average price is $20.00 and its 200 day moving average price is $20.23.

Institutional Investors Weigh In On Franklin U.S. Treasury Bond ETF

Several large investors have recently modified their holdings of the stock. Foundations Investment Advisors LLC acquired a new stake in Franklin U.S. Treasury Bond ETF in the 4th quarter valued at $244,000. JPMorgan Chase & Co. raised its stake in Franklin U.S. Treasury Bond ETF by 38.7% during the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock worth $258,000 after acquiring an additional 3,486 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter valued at $287,000. GeoWealth Management LLC bought a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter valued at $371,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 3.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock valued at $509,000 after purchasing an additional 794 shares in the last quarter.

Franklin U.S. Treasury Bond ETF Company Profile

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.