Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report)’s share price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $19.64 and traded as low as $19.56. Franklin U.S. Treasury Bond ETF shares last traded at $19.57, with a volume of 594,151 shares changing hands.

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

The business’s fifty day moving average is $19.64 and its 200-day moving average is $20.13.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Latitude Advisors LLC bought a new position in shares of Franklin U.S. Treasury Bond ETF during the third quarter valued at $168,000. Gilpin Wealth Management LLC grew its stake in shares of Franklin U.S. Treasury Bond ETF by 332.2% in the third quarter. Gilpin Wealth Management LLC now owns 9,379 shares of the company’s stock worth $182,000 after purchasing an additional 7,209 shares during the last quarter. Encompass More Asset Management grew its stake in shares of Franklin U.S. Treasury Bond ETF by 10.6% in the third quarter. Encompass More Asset Management now owns 23,026 shares of the company’s stock worth $447,000 after purchasing an additional 2,199 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in 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 valued at $509,000 after purchasing an additional 794 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in Franklin U.S. Treasury Bond ETF in the first quarter valued at $555,000.

About Franklin U.S. Treasury Bond ETF

(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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