Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Stock Breaks Above 50 Day Moving Average – What’s Next?

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $89.31 and traded as high as $89.49. Franklin Liberty Short Duration US Government ETF shares last traded at $89.48, with a volume of 32,175 shares.

Franklin Liberty Short Duration US Government ETF Stock Performance

The firm has a 50 day moving average price of $89.31 and a 200-day moving average price of $90.23.

Institutional Investors Weigh In On Franklin Liberty Short Duration US Government ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkway Wealth Management Group LLC raised its position in shares of Franklin Liberty Short Duration US Government ETF by 31.5% in the third quarter. Parkway Wealth Management Group LLC now owns 46,922 shares of the company’s stock valued at $4,175,000 after purchasing an additional 11,236 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Franklin Liberty Short Duration US Government ETF by 5.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 210,011 shares of the company’s stock worth $19,008,000 after buying an additional 10,705 shares during the period. Gateway Wealth Partners LLC grew its stake in Franklin Liberty Short Duration US Government ETF by 239.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 14,476 shares of the company’s stock valued at $1,314,000 after buying an additional 10,206 shares during the last quarter. World Investment Advisors grew its stake in Franklin Liberty Short Duration US Government ETF by 116.5% in the 1st quarter. World Investment Advisors now owns 7,748 shares of the company’s stock valued at $703,000 after buying an additional 4,170 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Franklin Liberty Short Duration US Government ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 28,741 shares of the company’s stock valued at $2,609,000 after buying an additional 3,385 shares during the last quarter.

Franklin Liberty Short Duration US Government ETF Company Profile

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.