Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Large Volume Increase – Here’s Why

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report) shares saw unusually-strong trading volume on Friday. 1,199,317 shares changed hands during trading, an increase of 594% from the previous session’s volume of 172,779 shares. The stock last traded at $19.4450 and had previously closed at $19.45.

Franklin U.S. Treasury Bond ETF Stock Down 0.0%

The firm has a fifty day moving average price of $19.79 and a 200-day moving average price of $20.08.

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

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Franklin U.S. Treasury Bond ETF by 1.9% in the first 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 in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Franklin U.S. Treasury Bond ETF by 6.2% in the 2nd 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 in the last quarter. First Heartland Consultants Inc. raised 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 valued at $9,092,000 after purchasing an additional 15,683 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Franklin U.S. Treasury Bond ETF by 5.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 438,218 shares of the company’s stock valued at $8,887,000 after buying an additional 23,316 shares during the last quarter. Finally, Sequent Planning LLC increased its position in Franklin U.S. Treasury Bond ETF by 10.3% during 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.

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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