Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 52-Week Low – Time to Sell?

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $19.92 and last traded at $19.93, with a volume of 89191 shares. The stock had previously closed at $19.99.

Franklin U.S. Treasury Bond ETF Stock Down 0.4%

The stock has a fifty day moving average of $20.14 and a 200-day moving average of $20.34.

Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF

A number of large investors have recently modified their holdings of the stock. First Heartland Consultants Inc. increased its holdings in shares of Franklin U.S. Treasury Bond ETF by 3.6% in the second 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. Bank of America Corp DE boosted its position in Franklin U.S. Treasury Bond ETF by 1.9% in the 1st quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock valued at $114,876,000 after buying an additional 107,211 shares during the last quarter. Scarborough Advisors LLC bought a new position in Franklin U.S. Treasury Bond ETF in the 1st quarter valued at $555,000. Geneos Wealth Management Inc. increased its stake in shares of Franklin U.S. Treasury Bond ETF by 3.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock valued at $509,000 after buying an additional 794 shares during the period. Finally, Sequent Planning LLC increased its stake in shares of Franklin U.S. Treasury Bond ETF by 10.3% in 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 period.

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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