Total Investment Management Inc. Increases Position in Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV)

Total Investment Management Inc. lifted its stake in Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 664,576 shares of the company’s stock after purchasing an additional 18,209 shares during the quarter. Franklin U.S. Treasury Bond ETF comprises about 1.7% of Total Investment Management Inc.’s holdings, making the stock its 13th largest holding. Total Investment Management Inc. owned 3.15% of Franklin U.S. Treasury Bond ETF worth $13,617,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its holdings in Franklin U.S. Treasury Bond ETF by 7.7% in the 4th quarter. Franklin Resources Inc. now owns 19,064,237 shares of the company’s stock valued at $397,013,000 after purchasing an additional 1,364,853 shares during the last quarter. Raymond James & Associates acquired a new position in Franklin U.S. Treasury Bond ETF during the 4th quarter worth about $4,232,000. Janney Montgomery Scott LLC increased its stake in Franklin U.S. Treasury Bond ETF by 20.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 630,098 shares of the company’s stock worth $13,122,000 after purchasing an additional 106,830 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter worth about $328,000. Finally, Leicht Financial Planning & Wealth Management Inc. purchased a new position in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter valued at approximately $240,000.

Franklin U.S. Treasury Bond ETF Price Performance

NYSEARCA FLGV traded down $0.08 during trading hours on Friday, hitting $20.32. 243,293 shares of the company were exchanged, compared to its average volume of 169,108. The company has a 50 day moving average of $20.20 and a two-hundred day moving average of $20.39. Franklin U.S. Treasury Bond ETF has a 52-week low of $19.53 and a 52-week high of $22.38.

Franklin U.S. Treasury Bond ETF 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.