Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Stock Price Down 0.1% – Here’s What Happened

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD)’s share price was down 0.1% during mid-day trading on Monday . The stock traded as low as $90.26 and last traded at $90.31. Approximately 21,984 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 28,758 shares. The stock had previously closed at $90.40.

Franklin Liberty Short Duration US Government ETF Trading Down 0.1%

The firm’s fifty day simple moving average is $90.73 and its two-hundred day simple moving average is $90.90.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in Franklin Liberty Short Duration US Government ETF by 1.4% in the 1st quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock worth $1,483,000 after buying an additional 225 shares during the period. Synergy Asset Management LLC lifted its position in shares of Franklin Liberty Short Duration US Government ETF by 100.0% in the third quarter. Synergy Asset Management LLC now owns 17,800 shares of the company’s stock valued at $1,618,000 after acquiring an additional 8,900 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Franklin Liberty Short Duration US Government ETF in the third quarter valued at about $1,701,000. Thrivent Financial for Lutherans bought a new position in shares of Franklin Liberty Short Duration US Government ETF in the third quarter worth about $6,984,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Franklin Liberty Short Duration US Government ETF by 16.4% in the third quarter. Jones Financial Companies Lllp now owns 15,870 shares of the company’s stock worth $1,445,000 after acquiring an additional 2,236 shares during the period.

About Franklin Liberty Short Duration US Government ETF

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.