Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Strong Trading Volume – Time to Buy?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw unusually-high trading volume on Wednesday . Approximately 541,473 shares were traded during trading, an increase of 182% from the previous session’s volume of 191,948 shares.The stock last traded at $20.5750 and had previously closed at $20.55.

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

The company’s 50-day moving average is $20.61 and its two-hundred day moving average is $20.57.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of Franklin U.S. Treasury Bond ETF by 1,833.0% during the 1st quarter. NewEdge Advisors LLC now owns 29,363 shares of the company’s stock valued at $604,000 after acquiring an additional 27,844 shares during the period. Jane Street Group LLC purchased a new position in Franklin U.S. Treasury Bond ETF during the first quarter valued at $712,000. Geneos Wealth Management Inc. grew its stake in shares of Franklin U.S. Treasury Bond ETF by 39.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 23,520 shares of the company’s stock valued at $484,000 after acquiring an additional 6,711 shares during the period. Janney Montgomery Scott LLC raised its stake in Franklin U.S. Treasury Bond ETF by 7.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,095,403 shares of the company’s stock worth $43,061,000 after acquiring an additional 142,428 shares during the period. Finally, Valmark Advisers Inc. lifted its holdings in Franklin U.S. Treasury Bond ETF by 7.9% during the second quarter. Valmark Advisers Inc. now owns 40,268 shares of the company’s stock valued at $828,000 after purchasing an additional 2,953 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.