Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sets New 1-Year Low – Time to Sell?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $19.33 and last traded at $19.3650, with a volume of 7033 shares changing hands. The stock had previously closed at $19.37.

Franklin U.S. Treasury Bond ETF Price Performance

The firm’s fifty day moving average price is $19.79 and its 200 day moving average price is $20.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of Franklin U.S. Treasury Bond ETF by 1.9% during the first quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock valued at $114,876,000 after purchasing an additional 107,211 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Franklin U.S. Treasury Bond ETF by 6.2% in the second quarter. Concurrent Investment Advisors LLC now owns 500,532 shares of the company’s stock worth $10,151,000 after buying an additional 29,278 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in Franklin U.S. Treasury Bond ETF by 3.6% during the second quarter. First Heartland Consultants Inc. now owns 448,314 shares of the company’s stock valued at $9,092,000 after buying an additional 15,683 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Franklin U.S. Treasury Bond ETF by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 438,218 shares of the company’s stock valued at $8,887,000 after buying an additional 23,316 shares during the last quarter. Finally, Sequent Planning LLC boosted its stake in Franklin U.S. Treasury Bond ETF by 10.3% during the first quarter. Sequent Planning LLC now owns 321,888 shares of the company’s stock valued at $6,576,000 after buying an additional 29,990 shares during the last quarter.

Franklin U.S. Treasury Bond ETF Company Profile

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.