Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Strong Trading Volume – Still a Buy?

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw unusually-high trading volume on Tuesday . Approximately 198,872 shares changed hands during mid-day trading, an increase of 57% from the previous session’s volume of 126,819 shares.The stock last traded at $20.44 and had previously closed at $20.70.

Franklin U.S. Treasury Bond ETF Stock Down 0.4 %

The company’s 50 day moving average price is $20.40 and its two-hundred day moving average price is $20.38.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in Franklin U.S. Treasury Bond ETF by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 12,237 shares of the company’s stock valued at $258,000 after purchasing an additional 506 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter worth about $291,000. Geneos Wealth Management Inc. raised its stake in shares of Franklin U.S. Treasury Bond ETF by 4.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 16,809 shares of the company’s stock worth $338,000 after buying an additional 657 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Franklin U.S. Treasury Bond ETF by 14.7% during the 4th quarter. Farther Finance Advisors LLC now owns 18,491 shares of the company’s stock valued at $372,000 after buying an additional 2,369 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of Franklin U.S. Treasury Bond ETF by 25.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,155 shares of the company’s stock valued at $426,000 after acquiring an additional 4,328 shares during the period.

Franklin U.S. Treasury Bond ETF Company Profile

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.