Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Large Volume Increase – Here’s What Happened

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) shares saw unusually-high trading volume on Tuesday . Approximately 198,872 shares changed hands during trading, an increase of 57% from the previous session’s volume of 126,819 shares.The stock last traded at $20.44 and had previously closed at $20.70.

Franklin U.S. Treasury Bond ETF Price Performance

The firm has a 50 day moving average of $20.38 and a 200-day moving average of $20.40.

Institutional Trading of Franklin U.S. Treasury Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased its stake in Franklin U.S. Treasury Bond ETF by 161.6% in the 3rd quarter. Jane Street Group LLC now owns 87,381 shares of the company’s stock valued at $1,840,000 after buying an additional 53,981 shares during the period. Franklin Resources Inc. raised its stake in shares of Franklin U.S. Treasury Bond ETF by 9.4% during the 3rd quarter. Franklin Resources Inc. now owns 34,809,108 shares of the company’s stock worth $720,549,000 after purchasing an additional 2,994,777 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Franklin U.S. Treasury Bond ETF by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,237 shares of the company’s stock worth $258,000 after purchasing an additional 506 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Franklin U.S. Treasury Bond ETF by 15.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,799,015 shares of the company’s stock valued at $36,196,000 after buying an additional 244,284 shares during the last quarter. Finally, Encompass More Asset Management grew its stake in shares of Franklin U.S. Treasury Bond ETF by 36.0% in the 4th quarter. Encompass More Asset Management now owns 32,308 shares of the company’s stock valued at $650,000 after buying an additional 8,556 shares in the last quarter.

About Franklin U.S. Treasury Bond ETF

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.