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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $19.43 and last traded at $19.4150, with a volume of 15372 shares traded. The stock had previously closed at $19.47.

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

The stock’s 50 day moving average price is $19.88 and its 200 day moving average price is $20.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FLGV. Bank of America Corp DE grew its stake in shares of 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 valued at $114,876,000 after buying an additional 107,211 shares in the last quarter. Concurrent Investment Advisors LLC boosted 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 acquiring an additional 29,278 shares during the period. First Heartland Consultants Inc. grew its position 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 valued at $9,092,000 after acquiring an additional 15,683 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Franklin U.S. Treasury Bond ETF by 5.6% in the second quarter. Envestnet Asset Management Inc. now owns 438,218 shares of the company’s stock valued at $8,887,000 after acquiring an additional 23,316 shares in the last quarter. Finally, Sequent Planning LLC raised its stake in shares of 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 purchasing an additional 29,990 shares during the period.

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.