Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 1-Year Low – Here’s Why

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $19.33 and last traded at $19.3650, with a volume of 7033 shares trading hands. The stock had previously closed at $19.37.

Franklin U.S. Treasury Bond ETF Stock Down 0.2%

The business has a 50 day moving average of $19.81 and a two-hundred day moving average of $20.10.

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

Several hedge funds have recently bought and sold shares of FLGV. Bank of America Corp DE boosted its holdings in shares of 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 acquiring an additional 107,211 shares during the period. Concurrent Investment Advisors LLC increased its position in Franklin U.S. Treasury Bond ETF by 6.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 500,532 shares of the company’s stock worth $10,151,000 after buying an additional 29,278 shares during the period. First Heartland Consultants Inc. lifted its holdings in shares of Franklin U.S. Treasury Bond ETF by 3.6% during the second quarter. First Heartland Consultants Inc. now owns 448,314 shares of the company’s stock worth $9,092,000 after buying an additional 15,683 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Franklin U.S. Treasury Bond ETF by 5.6% in the second quarter. Envestnet Asset Management Inc. now owns 438,218 shares of the company’s stock valued at $8,887,000 after acquiring an additional 23,316 shares during the period. Finally, Sequent Planning LLC grew its stake in shares of 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 valued at $6,576,000 after acquiring an additional 29,990 shares in the last quarter.

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.