Franklin Resources Inc. Lowers Stock Holdings in Franklin U.S. Treasury Bond ETF $FLGV

Franklin Resources Inc. lowered its stake in Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,070,334 shares of the company’s stock after selling 320,958 shares during the period. Franklin Resources Inc. owned approximately 69.37% of Franklin U.S. Treasury Bond ETF worth $744,492,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Flaharty Asset Management LLC purchased a new position in Franklin U.S. Treasury Bond ETF in the 3rd quarter valued at $27,622,000. Sequent Planning LLC acquired a new position in Franklin U.S. Treasury Bond ETF in the 3rd quarter valued at $5,432,000. Osaic Holdings Inc. raised its position in Franklin U.S. Treasury Bond ETF by 7.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,247,664 shares of the company’s stock worth $25,639,000 after buying an additional 82,864 shares during the last quarter. Bank of America Corp DE raised its position in Franklin U.S. Treasury Bond ETF by 1.3% during the 2nd quarter. Bank of America Corp DE now owns 5,199,277 shares of the company’s stock worth $106,845,000 after buying an additional 64,641 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Franklin U.S. Treasury Bond ETF by 16.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 394,353 shares of the company’s stock worth $8,139,000 after acquiring an additional 55,343 shares during the period.

Franklin U.S. Treasury Bond ETF Stock Performance

FLGV stock opened at $20.51 on Thursday. The company has a fifty day moving average of $20.60 and a 200-day moving average of $20.63. Franklin U.S. Treasury Bond ETF has a one year low of $19.44 and a one year high of $21.30.

Franklin U.S. Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.064 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.