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

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw unusually-high trading volume on Tuesday . Approximately 491,176 shares traded hands during mid-day trading, an increase of 298% from the previous session’s volume of 123,503 shares.The stock last traded at $20.5750 and had previously closed at $20.58.

Franklin U.S. Treasury Bond ETF Price Performance

The business’s fifty day moving average price is $20.65 and its 200-day moving average price is $20.56.

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

Several hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Franklin U.S. Treasury Bond ETF by 8.9% in the second quarter. Franklin Resources Inc. now owns 36,391,292 shares of the company’s stock worth $747,841,000 after acquiring an additional 2,969,522 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Franklin U.S. Treasury Bond ETF by 12.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 339,010 shares of the company’s stock valued at $6,967,000 after purchasing an additional 38,273 shares in the last quarter. Encompass More Asset Management raised its holdings in Franklin U.S. Treasury Bond ETF by 102.0% in the third quarter. Encompass More Asset Management now owns 81,209 shares of the company’s stock worth $1,676,000 after buying an additional 41,005 shares during the last quarter. CW Advisors LLC lifted its stake in shares of Franklin U.S. Treasury Bond ETF by 6.7% in the second quarter. CW Advisors LLC now owns 653,282 shares of the company’s stock worth $13,425,000 after buying an additional 41,124 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Franklin U.S. Treasury Bond ETF by 8.0% during the second quarter. Cetera Investment Advisers now owns 308,850 shares of the company’s stock valued at $6,347,000 after acquiring an additional 22,790 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.