Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 52-Week Low – What’s Next?

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) hit a new 52-week low on Tuesday. The stock traded as low as $19.43 and last traded at $19.4150, with a volume of 15372 shares trading hands. The stock had previously closed at $19.47.

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

The stock’s fifty day moving average is $19.88 and its two-hundred day moving average is $20.14.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in 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 during the last quarter. Concurrent Investment Advisors LLC increased its holdings 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 purchasing an additional 29,278 shares during the last quarter. First Heartland Consultants Inc. raised its position in shares of Franklin U.S. Treasury Bond ETF by 3.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 448,314 shares of the company’s stock valued at $9,092,000 after purchasing an additional 15,683 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Franklin U.S. Treasury Bond ETF by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 438,218 shares of the company’s stock valued at $8,887,000 after purchasing an additional 23,316 shares in the last quarter. Finally, Sequent Planning LLC boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 10.3% during the 1st quarter. Sequent Planning LLC now owns 321,888 shares of the company’s stock valued at $6,576,000 after buying an additional 29,990 shares during 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.