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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) shares saw unusually-high trading volume on Thursday . Approximately 484,812 shares changed hands during mid-day trading, an increase of 256% from the previous session’s volume of 136,323 shares.The stock last traded at $19.5550 and had previously closed at $19.58.

Franklin U.S. Treasury Bond ETF Stock Performance

The company has a 50 day simple moving average of $19.92 and a 200 day simple moving average of $20.17.

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

A number of institutional investors have recently made changes to their positions in FLGV. Foundations Investment Advisors LLC acquired a new position in Franklin U.S. Treasury Bond ETF during the 4th quarter worth $244,000. Geneos Wealth Management Inc. lifted its position in shares of Franklin U.S. Treasury Bond ETF by 3.3% during the first quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock worth $509,000 after purchasing an additional 794 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Franklin U.S. Treasury Bond ETF during the first quarter worth about $555,000. World Investment Advisors bought a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter worth about $921,000. Finally, NewEdge Advisors LLC grew its stake in Franklin U.S. Treasury Bond ETF by 5.7% in the second quarter. NewEdge Advisors LLC now owns 65,715 shares of the company’s stock worth $1,333,000 after purchasing an additional 3,516 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.