Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Hits New 52-Week Low – Here’s Why

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) 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 traded. The stock had previously closed at $19.93.

Franklin U.S. Treasury Bond ETF Stock Up 0.1%

The business’s 50 day moving average is $20.11 and its 200-day moving average is $20.32.

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

Institutional investors have recently modified their holdings of the stock. First Heartland Consultants Inc. grew its stake in 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 in the last quarter. Bank of America Corp DE raised its stake in 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 valued at $114,876,000 after buying an additional 107,211 shares in the last quarter. Scarborough Advisors LLC bought a new position in Franklin U.S. Treasury Bond ETF during the 1st quarter worth approximately $555,000. Geneos Wealth Management Inc. lifted its holdings in Franklin U.S. Treasury Bond ETF by 3.3% during 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 last quarter. Finally, Sequent Planning LLC grew its position in shares of 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 worth $6,576,000 after acquiring an additional 29,990 shares in 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.