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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw unusually-high trading volume on Friday . Approximately 1,294,573 shares changed hands during trading, an increase of 844% from the previous session’s volume of 137,128 shares.The stock last traded at $20.31 and had previously closed at $20.27.

Franklin U.S. Treasury Bond ETF Trading Up 0.2%

The stock has a fifty day moving average of $20.33 and a 200-day moving average of $20.51.

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

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in Franklin U.S. Treasury Bond ETF in the 4th quarter valued at approximately $27,000. Foundations Investment Advisors LLC purchased a new stake in Franklin U.S. Treasury Bond ETF in the 4th quarter valued at approximately $244,000. JPMorgan Chase & Co. boosted its holdings in Franklin U.S. Treasury Bond ETF by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after purchasing an additional 3,486 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Franklin U.S. Treasury Bond ETF in the 4th quarter valued at approximately $287,000. Finally, GC Wealth Management RIA LLC purchased a new stake in Franklin U.S. Treasury Bond ETF in the 4th quarter valued at approximately $371,000.

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.