Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 12-Month Low – Should You Sell?

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as $19.81 and last traded at $19.8250, with a volume of 24279 shares changing hands. The stock had previously closed at $19.87.

Franklin U.S. Treasury Bond ETF Price Performance

The firm has a 50-day simple moving average of $20.02 and a 200-day simple moving average of $20.24.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FLGV. NewEdge Advisors LLC grew its position in Franklin U.S. Treasury Bond ETF by 1,833.0% during the first quarter. NewEdge Advisors LLC now owns 29,363 shares of the company’s stock valued at $604,000 after buying an additional 27,844 shares during the period. Jane Street Group LLC purchased a new position in shares of Franklin U.S. Treasury Bond ETF during the 1st quarter worth $712,000. Bank of America Corp DE boosted its stake in shares of 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 acquiring an additional 64,641 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 38.7% during the 3rd 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 last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Franklin U.S. Treasury Bond ETF by 6.0% during the 3rd quarter. Raymond James Financial Inc. now owns 155,140 shares of the company’s stock valued at $3,202,000 after acquiring an additional 8,823 shares during the period.

Franklin U.S. Treasury Bond ETF Company Profile

(Get Free Report)

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.

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