Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Reaches New 1-Year Low – Time to Sell?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $19.91 and last traded at $19.91, with a volume of 1708 shares changing hands. The stock had previously closed at $19.93.

Franklin U.S. Treasury Bond ETF Stock Up 0.5%

The company has a fifty day simple moving average of $20.11 and a two-hundred day simple moving average of $20.31.

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

Hedge funds have recently modified their holdings of the stock. First Heartland Consultants Inc. increased its position in Franklin U.S. Treasury Bond ETF by 3.6% during the second 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 last quarter. Bank of America Corp DE increased its holdings in shares of Franklin U.S. Treasury Bond ETF by 1.9% during the 1st quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock worth $114,876,000 after buying an additional 107,211 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of Franklin U.S. Treasury Bond ETF in the 1st quarter worth $555,000. Geneos Wealth Management Inc. raised its position 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 worth $509,000 after buying an additional 794 shares during the period. Finally, Sequent Planning LLC boosted its holdings in Franklin U.S. Treasury Bond ETF by 10.3% in the first quarter. Sequent Planning LLC now owns 321,888 shares of the company’s stock valued at $6,576,000 after acquiring 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.