Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 12-Month Low – Should You Sell?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $19.81 and last traded at $19.8250, with a volume of 24279 shares changing hands. The stock had previously closed at $19.87.

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

The company has a fifty day simple moving average of $20.02 and a 200-day simple moving average of $20.24.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. RFG Advisory LLC purchased a new stake in Franklin U.S. Treasury Bond ETF in the 2nd quarter worth approximately $1,823,000. NewEdge Advisors LLC lifted its holdings in Franklin U.S. Treasury Bond ETF by 5.7% during the second quarter. NewEdge Advisors LLC now owns 65,715 shares of the company’s stock valued at $1,333,000 after purchasing an additional 3,516 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Franklin U.S. Treasury Bond ETF by 59.5% during the second quarter. Citadel Advisors LLC now owns 193,448 shares of the company’s stock valued at $3,923,000 after purchasing an additional 72,136 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Franklin U.S. Treasury Bond ETF by 6.2% in the second 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 period. Finally, First Heartland Consultants Inc. boosted its position 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 worth $9,092,000 after purchasing an additional 15,683 shares during the period.

Franklin U.S. Treasury Bond ETF Company Profile

(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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