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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $19.64 and last traded at $19.6250, with a volume of 6261 shares. The stock had previously closed at $19.73.

Franklin U.S. Treasury Bond ETF Price Performance

The company has a 50-day moving average price of $19.93 and a 200-day moving average price of $20.17.

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

Several hedge funds have recently modified their holdings of FLGV. Concurrent Investment Advisors LLC grew its holdings 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 in the last quarter. World Investment Advisors purchased a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter valued at approximately $921,000. Sequent Planning LLC boosted 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 worth $6,576,000 after acquiring an additional 29,990 shares during the last quarter. Citadel Advisors LLC boosted its position 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 worth $3,923,000 after acquiring an additional 72,136 shares during the last quarter. Finally, RFG Advisory LLC acquired a new stake in Franklin U.S. Treasury Bond ETF during the second quarter worth approximately $1,823,000.

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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