Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Large Volume Increase – Here’s Why

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) shares saw unusually-strong trading volume on Wednesday . Approximately 2,657,597 shares traded hands during trading, an increase of 3,075% from the previous session’s volume of 83,699 shares.The stock last traded at $20.41 and had previously closed at $20.46.

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

The firm’s fifty day simple moving average is $20.22 and its two-hundred day simple moving average is $20.48.

Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF

A number of hedge funds have recently modified their holdings of FLGV. Total Investment Management Inc. lifted its holdings in shares of Franklin U.S. Treasury Bond ETF by 5.9% in the 3rd quarter. Total Investment Management Inc. now owns 700,360 shares of the company’s stock worth $14,750,000 after acquiring an additional 39,188 shares during the last quarter. Encompass More Asset Management acquired a new position in Franklin U.S. Treasury Bond ETF during the third quarter worth $500,000. Jane Street Group LLC boosted its position in shares of Franklin U.S. Treasury Bond ETF by 161.6% during the third quarter. Jane Street Group LLC now owns 87,381 shares of the company’s stock worth $1,840,000 after buying an additional 53,981 shares during the period. Franklin Resources Inc. boosted its position in shares of Franklin U.S. Treasury Bond ETF by 9.4% during the third quarter. Franklin Resources Inc. now owns 34,809,108 shares of the company’s stock worth $720,549,000 after buying an additional 2,994,777 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Franklin U.S. Treasury Bond ETF by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 12,237 shares of the company’s stock valued at $258,000 after buying an additional 506 shares in the last quarter.

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.