Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 52-Week Low – Here’s Why

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $19.92 and last traded at $19.93, with a volume of 89191 shares trading hands. The stock had previously closed at $19.99.

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

The business has a fifty day moving average of $20.13 and a 200 day moving average of $20.33.

Institutional Trading of Franklin U.S. Treasury Bond ETF

Several hedge funds have recently added to or reduced their stakes in FLGV. Assetmark Inc. acquired a new position in Franklin U.S. Treasury Bond ETF during the 4th quarter worth approximately $27,000. Foundations Investment Advisors LLC acquired a new stake in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at $244,000. JPMorgan Chase & Co. lifted its position in shares of Franklin U.S. Treasury Bond ETF by 38.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock worth $258,000 after purchasing an additional 3,486 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter worth $287,000. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter worth $371,000.

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.