Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Large Volume Increase – Still a Buy?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw unusually-high trading volume on Monday . 670,663 shares were traded during trading, an increase of 402% from the previous session’s volume of 133,595 shares.The stock last traded at $19.94 and had previously closed at $19.97.

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

The company’s 50-day moving average is $20.07 and its 200 day moving average is $20.28.

Institutional Investors Weigh In On Franklin U.S. Treasury Bond ETF

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. grew 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 acquiring an additional 794 shares during the period. Encompass More Asset Management increased its holdings in Franklin U.S. Treasury Bond ETF by 2.6% in the 4th quarter. Encompass More Asset Management now owns 83,349 shares of the company’s stock worth $1,710,000 after acquiring an additional 2,140 shares in the last quarter. JPMorgan Chase & Co. raised its position in Franklin U.S. Treasury Bond ETF by 38.7% during the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock worth $258,000 after acquiring an additional 3,486 shares during the period. NewEdge Advisors LLC lifted its holdings in Franklin U.S. Treasury Bond ETF by 19.8% during the second quarter. NewEdge Advisors LLC now owns 35,169 shares of the company’s stock valued at $723,000 after purchasing an additional 5,806 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Franklin U.S. Treasury Bond ETF by 6.0% during the third quarter. Raymond James Financial Inc. now owns 155,140 shares of the company’s stock valued at $3,202,000 after purchasing an additional 8,823 shares in the last quarter.

Franklin U.S. Treasury Bond ETF Company Profile

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.