Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) passed above its 50-day moving average during trading on Friday. The stock has a 50-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 changing hands.

Franklin Liberty Short Duration US Government ETF Stock Performance

The stock’s 50 day moving average is $89.31 and its two-hundred day moving average is $90.23.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Global View Capital Management LLC purchased a new position in Franklin Liberty Short Duration US Government ETF during the third quarter worth about $257,000. D.A. Davidson & CO. lifted its position in Franklin Liberty Short Duration US Government ETF by 12.4% in the third quarter. D.A. Davidson & CO. now owns 21,574 shares of the company’s stock valued at $1,919,000 after purchasing an additional 2,387 shares during the period. Parkway Wealth Management Group LLC boosted its holdings in Franklin Liberty Short Duration US Government ETF by 31.5% in the 3rd 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 in the last quarter. IFP Advisors Inc boosted its holdings in Franklin Liberty Short Duration US Government ETF by 16.7% in the 2nd quarter. IFP Advisors Inc now owns 7,687 shares of the company’s stock valued at $696,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Asset Allocation Strategies LLC boosted its holdings in Franklin Liberty Short Duration US Government ETF by 6.7% in the 2nd quarter. Asset Allocation Strategies LLC now owns 5,159 shares of the company’s stock valued at $467,000 after purchasing an additional 323 shares in the last quarter.

About Franklin Liberty Short Duration US Government ETF

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.