Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Reaches New 1-Year Low – Here’s What Happened

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $19.94 and last traded at $19.94, with a volume of 3133 shares. The stock had previously closed at $20.01.

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

The business has a 50-day moving average of $20.17 and a 200 day moving average of $20.36.

Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF

Institutional investors have recently made changes to their positions in the business. World Investment Advisors bought a new stake in Franklin U.S. Treasury Bond ETF during the fourth quarter valued at approximately $921,000. Flaharty Asset Management LLC raised its position in Franklin U.S. Treasury Bond ETF by 2.9% in the fourth quarter. Flaharty Asset Management LLC now owns 1,376,870 shares of the company’s stock worth $28,253,000 after acquiring an additional 38,700 shares during the period. MGO One Seven LLC raised its position in Franklin U.S. Treasury Bond ETF by 1,144.5% in the fourth quarter. MGO One Seven LLC now owns 191,264 shares of the company’s stock worth $3,925,000 after acquiring an additional 175,895 shares during the period. Sequent Planning LLC boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 10.9% during the 4th quarter. Sequent Planning LLC now owns 291,898 shares of the company’s stock worth $5,990,000 after acquiring an additional 28,704 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in shares of Franklin U.S. Treasury Bond ETF during the 1st quarter worth $555,000.

Franklin U.S. Treasury Bond ETF Company Profile

(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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