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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) shares saw strong trading volume on Monday . Approximately 670,663 shares were traded during trading, an increase of 402% from the previous session’s volume of 133,595 shares.The stock last traded at $19.94 and had previously closed at $19.97.

Franklin U.S. Treasury Bond ETF Price Performance

The firm’s fifty day simple moving average is $20.07 and its 200 day simple moving average is $20.28.

Institutional Trading of Franklin U.S. Treasury Bond ETF

Hedge funds have recently modified their holdings of the stock. Foundations Investment Advisors LLC purchased a new position in Franklin U.S. Treasury Bond ETF during the fourth quarter valued at approximately $244,000. JPMorgan Chase & Co. boosted its position 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 worth $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 worth approximately $287,000. GeoWealth Management LLC acquired a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter worth approximately $371,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Franklin U.S. Treasury Bond ETF by 3.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock worth $509,000 after purchasing an additional 794 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.