Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Unusually-High Trading Volume – Here’s Why

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw unusually-strong trading volume on Friday . Approximately 1,294,573 shares changed hands during mid-day trading, an increase of 844% from the previous session’s volume of 137,128 shares.The stock last traded at $20.31 and had previously closed at $20.27.

Franklin U.S. Treasury Bond ETF Price Performance

The stock has a fifty day simple moving average of $20.33 and a two-hundred day simple moving average of $20.51.

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

A number of institutional investors have recently added to or reduced their stakes in FLGV. Assetmark Inc. acquired a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter valued at approximately $27,000. Foundations Investment Advisors LLC acquired a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter valued at approximately $244,000. JPMorgan Chase & Co. lifted its position in shares of Franklin U.S. Treasury Bond ETF by 38.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after acquiring an additional 3,486 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter valued at approximately $287,000. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter valued at approximately $371,000.

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.