Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Unusually-High Trading Volume – Here’s What Happened

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw strong trading volume on Wednesday . 541,473 shares changed hands during trading, an increase of 182% from the previous session’s volume of 191,948 shares.The stock last traded at $20.5750 and had previously closed at $20.55.

Franklin U.S. Treasury Bond ETF Stock Up 0.1%

The firm has a 50 day moving average of $20.62 and a 200 day moving average of $20.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in Franklin U.S. Treasury Bond ETF by 1,833.0% in the 1st quarter. NewEdge Advisors LLC now owns 29,363 shares of the company’s stock worth $604,000 after purchasing an additional 27,844 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Franklin U.S. Treasury Bond ETF in the first quarter worth $712,000. Geneos Wealth Management Inc. raised its position in shares of Franklin U.S. Treasury Bond ETF by 39.9% in the first quarter. Geneos Wealth Management Inc. now owns 23,520 shares of the company’s stock worth $484,000 after buying an additional 6,711 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Franklin U.S. Treasury Bond ETF by 7.3% in the second quarter. Janney Montgomery Scott LLC now owns 2,095,403 shares of the company’s stock worth $43,061,000 after buying an additional 142,428 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its stake in Franklin U.S. Treasury Bond ETF by 7.9% during the second quarter. Valmark Advisers Inc. now owns 40,268 shares of the company’s stock valued at $828,000 after buying an additional 2,953 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.