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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $19.66 and last traded at $19.69, with a volume of 76200 shares. The stock had previously closed at $19.69.

Franklin U.S. Treasury Bond ETF Stock Performance

The firm has a fifty day moving average price of $19.96 and a 200 day moving average price of $20.20.

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

A number of large investors have recently modified their holdings of FLGV. Bank of America Corp DE increased its holdings in shares of Franklin U.S. Treasury Bond ETF by 1.9% in the first quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock valued at $114,876,000 after purchasing an additional 107,211 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in shares of Franklin U.S. Treasury Bond ETF by 2.9% during the fourth quarter. Flaharty Asset Management LLC now owns 1,376,870 shares of the company’s stock valued at $28,253,000 after acquiring an additional 38,700 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Franklin U.S. Treasury Bond ETF by 6.2% in the second quarter. Concurrent Investment Advisors LLC now owns 500,532 shares of the company’s stock valued at $10,151,000 after acquiring an additional 29,278 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in Franklin U.S. Treasury Bond ETF by 3.6% in the second quarter. First Heartland Consultants Inc. now owns 448,314 shares of the company’s stock valued at $9,092,000 after acquiring an additional 15,683 shares during the last quarter. Finally, Sequent Planning LLC increased its position in Franklin U.S. Treasury Bond ETF by 10.3% in the first quarter. Sequent Planning LLC now owns 321,888 shares of the company’s stock worth $6,576,000 after purchasing an additional 29,990 shares during the period.

About Franklin U.S. Treasury Bond ETF

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.