Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw unusually-high trading volume on Wednesday. Approximately 172,042 shares changed hands during trading, an increase of 24% from the previous session’s volume of 138,944 shares. The stock last traded at $19.4650 and had previously closed at $19.46.

Franklin U.S. Treasury Bond ETF Trading Down 0.1%

The company’s 50-day moving average is $19.87 and its 200-day moving average is $20.14.

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

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