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

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw an uptick in trading volume on Monday . Approximately 670,663 shares traded hands during trading, an increase of 402% from the previous session’s volume of 133,595 shares.The stock last traded at $19.94 and had previously closed at $19.97.

Franklin U.S. Treasury Bond ETF Stock Performance

The company’s 50 day moving average is $20.06 and its two-hundred day moving average is $20.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Foundations Investment Advisors LLC bought a new stake in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter worth about $244,000. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 3,486 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Franklin U.S. Treasury Bond ETF during the fourth quarter valued at approximately $287,000. GeoWealth Management LLC bought a new position in Franklin U.S. Treasury Bond ETF during the fourth quarter valued at approximately $371,000. Finally, Geneos Wealth Management Inc. grew its holdings in Franklin U.S. Treasury Bond ETF by 3.3% during 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 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.