Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Large Volume Increase – Here’s Why

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw an uptick in trading volume on Tuesday . 198,872 shares were traded during trading, an increase of 57% from the previous session’s volume of 126,819 shares.The stock last traded at $20.44 and had previously closed at $20.70.

Franklin U.S. Treasury Bond ETF Price Performance

The firm has a fifty day simple moving average of $20.40 and a two-hundred day simple moving average of $20.38.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Franklin U.S. Treasury Bond ETF by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 12,237 shares of the company’s stock valued at $258,000 after purchasing an additional 506 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in Franklin U.S. Treasury Bond ETF during the fourth quarter valued at $291,000. Geneos Wealth Management Inc. boosted its holdings in shares of Franklin U.S. Treasury Bond ETF by 4.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 16,809 shares of the company’s stock valued at $338,000 after buying an additional 657 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Franklin U.S. Treasury Bond ETF by 14.7% in the 4th quarter. Farther Finance Advisors LLC now owns 18,491 shares of the company’s stock worth $372,000 after buying an additional 2,369 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in shares of Franklin U.S. Treasury Bond ETF by 25.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,155 shares of the company’s stock worth $426,000 after acquiring an additional 4,328 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.