Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Reaches New 1-Year Low – Here’s What Happened

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $19.94 and last traded at $19.94, with a volume of 3133 shares. The stock had previously closed at $20.01.

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

The company has a 50-day moving average of $20.17 and a two-hundred day moving average of $20.36.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLGV. World Investment Advisors bought a new position in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter valued at approximately $921,000. Flaharty Asset Management LLC increased its holdings in Franklin U.S. Treasury Bond ETF by 2.9% in the 4th quarter. Flaharty Asset Management LLC now owns 1,376,870 shares of the company’s stock worth $28,253,000 after acquiring an additional 38,700 shares in the last quarter. MGO One Seven LLC increased its holdings in Franklin U.S. Treasury Bond ETF by 1,144.5% in the 4th quarter. MGO One Seven LLC now owns 191,264 shares of the company’s stock worth $3,925,000 after acquiring an additional 175,895 shares in the last quarter. Sequent Planning LLC raised its stake in Franklin U.S. Treasury Bond ETF by 10.9% during the 4th quarter. Sequent Planning LLC now owns 291,898 shares of the company’s stock worth $5,990,000 after acquiring an additional 28,704 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in Franklin U.S. Treasury Bond ETF during the first quarter valued at approximately $555,000.

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.