Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Trading Down 0.3% – Time to Sell?

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)’s stock price fell 0.3% during mid-day trading on Tuesday . The company traded as low as $20.42 and last traded at $20.42. 143,249 shares changed hands during trading, a decline of 9% from the average session volume of 157,903 shares. The stock had previously closed at $20.48.

Franklin U.S. Treasury Bond ETF Stock Down 0.3%

The business’s 50 day moving average is $20.52 and its 200-day moving average is $20.59.

Institutional Trading of Franklin U.S. Treasury Bond ETF

Institutional investors have recently modified their holdings of the stock. Assetmark Inc. purchased a new stake in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter worth about $27,000. Foundations Investment Advisors LLC purchased a new position in Franklin U.S. Treasury Bond ETF in the 4th quarter valued at about $244,000. JPMorgan Chase & Co. lifted its stake 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 valued at $258,000 after buying an additional 3,486 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Franklin U.S. Treasury Bond ETF in the 4th quarter worth about $287,000. Finally, MGO One Seven LLC acquired a new stake in Franklin U.S. Treasury Bond ETF in the 3rd quarter worth about $317,000.

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.