Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Hits New 52-Week Low – Here’s Why

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.91 and last traded at $19.91, with a volume of 1708 shares changing hands. The stock had previously closed at $19.93.

Franklin U.S. Treasury Bond ETF Stock Performance

The company has a 50 day moving average of $20.11 and a 200-day moving average of $20.32.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Assetmark Inc. acquired a new position in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at about $27,000. Foundations Investment Advisors LLC acquired a new stake in Franklin U.S. Treasury Bond ETF during the fourth quarter worth about $244,000. JPMorgan Chase & Co. lifted its holdings in Franklin U.S. Treasury Bond ETF by 38.7% in 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 during the last quarter. Goldman Sachs Group Inc. acquired a new position in Franklin U.S. Treasury Bond ETF in the fourth quarter valued at approximately $287,000. Finally, GC Wealth Management RIA LLC acquired a new position in Franklin U.S. Treasury Bond ETF in the fourth quarter valued at approximately $371,000.

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.