Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Reaches New 12-Month Low – Should You Sell?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report)’s share price hit a new 52-week low on Wednesday . The company traded as low as $19.64 and last traded at $19.6250, with a volume of 6261 shares. The stock had previously closed at $19.73.

Franklin U.S. Treasury Bond ETF Price Performance

The stock has a 50-day moving average price of $19.93 and a 200 day moving average price of $20.17.

Institutional Trading of Franklin U.S. Treasury Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in Franklin U.S. Treasury Bond ETF by 3.3% during the first quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock worth $509,000 after buying an additional 794 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Franklin U.S. Treasury Bond ETF by 5.7% during the 2nd quarter. NewEdge Advisors LLC now owns 65,715 shares of the company’s stock valued at $1,333,000 after acquiring an additional 3,516 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in Franklin U.S. Treasury Bond ETF during the 4th quarter worth $244,000. First Heartland Consultants Inc. boosted its position in Franklin U.S. Treasury Bond ETF by 3.6% during the 2nd quarter. First Heartland Consultants Inc. now owns 448,314 shares of the company’s stock worth $9,092,000 after purchasing an additional 15,683 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in Franklin U.S. Treasury Bond ETF in the 1st quarter valued at $555,000.

About Franklin U.S. Treasury Bond ETF

(Get Free Report)

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.

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