Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Trading Up 0.2% – Here’s Why

Shares of Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) shot up 0.2% on Monday . The company traded as high as $20.76 and last traded at $20.73. 57,610 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 90,117 shares. The stock had previously closed at $20.69.

Franklin U.S. Treasury Bond ETF Stock Performance

The business has a 50 day moving average price of $20.57 and a 200-day moving average price of $20.61.

Franklin U.S. Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.0663 per share. This represents a c) annualized dividend and a yield of 3.8%. This is an increase from Franklin U.S. Treasury Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FLGV. NewEdge Advisors LLC raised its holdings in shares of Franklin U.S. Treasury Bond ETF by 1,833.0% in the 1st quarter. NewEdge Advisors LLC now owns 29,363 shares of the company’s stock valued at $604,000 after purchasing an additional 27,844 shares during the period. Jane Street Group LLC bought a new position in Franklin U.S. Treasury Bond ETF during the first quarter worth about $712,000. Envestnet Asset Management Inc. increased its position in Franklin U.S. Treasury Bond ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 384,055 shares of the company’s stock worth $7,892,000 after buying an additional 21,646 shares during the last quarter. Cetera Investment Advisers increased its position in Franklin U.S. Treasury Bond ETF by 8.0% during the second quarter. Cetera Investment Advisers now owns 308,850 shares of the company’s stock worth $6,347,000 after buying an additional 22,790 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 8.9% during the 2nd quarter. Franklin Resources Inc. now owns 36,391,292 shares of the company’s stock worth $747,841,000 after acquiring an additional 2,969,522 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.