Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 1-Year Low – Here’s Why

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s share price hit a new 52-week low on Wednesday. The stock traded as low as $19.33 and last traded at $19.3650, with a volume of 7033 shares trading hands. The stock had previously closed at $19.37.

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

The firm has a 50 day moving average price of $19.81 and a two-hundred day moving average price of $20.10.

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

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Franklin U.S. Treasury Bond ETF by 1.9% during the first quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock worth $114,876,000 after acquiring an additional 107,211 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Franklin U.S. Treasury Bond ETF by 6.2% during the second quarter. Concurrent Investment Advisors LLC now owns 500,532 shares of the company’s stock worth $10,151,000 after buying an additional 29,278 shares during the period. First Heartland Consultants Inc. grew its holdings in shares of 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 buying an additional 15,683 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Franklin U.S. Treasury Bond ETF by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 438,218 shares of the company’s stock worth $8,887,000 after buying an additional 23,316 shares in the last quarter. Finally, Sequent Planning LLC raised its position in 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 last quarter.

About Franklin U.S. Treasury Bond ETF

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.