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

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.86 and last traded at $19.88, with a volume of 4392 shares changing hands. The stock had previously closed at $19.96.

Franklin U.S. Treasury Bond ETF Trading Down 0.5%

The firm has a fifty day moving average of $20.07 and a 200-day moving average of $20.28.

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

Hedge funds have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC grew its position in shares of Franklin U.S. Treasury Bond ETF by 6.2% in the second quarter. Concurrent Investment Advisors LLC now owns 500,532 shares of the company’s stock valued at $10,151,000 after purchasing an additional 29,278 shares during the last quarter. First Heartland Consultants Inc. boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 3.6% during 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 during the last quarter. Bank of America Corp DE increased its position in Franklin U.S. Treasury Bond ETF by 1.9% during the 1st quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock worth $114,876,000 after purchasing an additional 107,211 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Franklin U.S. Treasury Bond ETF during the 1st quarter worth about $555,000. Finally, Geneos Wealth Management Inc. raised its stake in Franklin U.S. Treasury Bond ETF by 3.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock valued at $509,000 after purchasing an additional 794 shares during 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.