Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Reaches New 12-Month Low – What’s Next?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $19.86 and last traded at $19.88, with a volume of 4392 shares changing hands. The stock had previously closed at $19.96.

Franklin U.S. Treasury Bond ETF Trading Down 0.5%

The stock’s 50 day moving average price is $20.07 and its 200 day moving average price is $20.28.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLGV. Foundations Investment Advisors LLC purchased a new position in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter worth about $244,000. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 3,486 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Franklin U.S. Treasury Bond ETF in the 4th quarter valued at $287,000. GeoWealth Management LLC acquired a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter worth about $371,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of 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 worth $509,000 after buying an additional 794 shares during the period.

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.