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

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw unusually-high trading volume on Friday . Approximately 166,292 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 96,274 shares.The stock last traded at $20.23 and had previously closed at $20.27.

Franklin U.S. Treasury Bond ETF Stock Performance

The business’s 50-day simple moving average is $20.19 and its 200 day simple moving average is $20.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLGV. JPMorgan Chase & Co. raised its stake in Franklin U.S. Treasury Bond ETF by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,237 shares of the company’s stock valued at $258,000 after purchasing an additional 506 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in Franklin U.S. Treasury Bond ETF during the 4th quarter valued at $291,000. Geneos Wealth Management Inc. raised its stake in Franklin U.S. Treasury Bond ETF by 4.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 16,809 shares of the company’s stock valued at $338,000 after purchasing an additional 657 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Franklin U.S. Treasury Bond ETF during the 3rd quarter valued at $340,000. Finally, Encompass More Asset Management acquired a new position in Franklin U.S. Treasury Bond ETF during the 3rd quarter valued at $500,000.

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.