Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 52-Week Low – What’s Next?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s share price reached a new 52-week low on Thursday . The stock traded as low as $19.96 and last traded at $19.96, with a volume of 709 shares trading hands. The stock had previously closed at $20.02.

Franklin U.S. Treasury Bond ETF Price Performance

The business’s 50-day simple moving average is $20.18 and its 200-day simple moving average is $20.39.

Institutional Trading of Franklin U.S. Treasury Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of FLGV. Assetmark Inc. acquired a new stake in Franklin U.S. Treasury Bond ETF during the fourth quarter valued at $27,000. Foundations Investment Advisors LLC acquired a new position in Franklin U.S. Treasury Bond ETF in the 4th quarter worth about $244,000. JPMorgan Chase & Co. increased its position in Franklin U.S. Treasury Bond ETF by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock worth $258,000 after purchasing an additional 3,486 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter worth about $287,000. Finally, GC Wealth Management RIA LLC purchased a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter worth about $371,000.

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.