Dynamic Advisor Solutions LLC Trims Stake in Franklin Senior Loan ETF (BATS:FLBL)

Dynamic Advisor Solutions LLC cut its position in Franklin Senior Loan ETF (BATS:FLBL) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,293 shares of the company’s stock after selling 642 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Franklin Senior Loan ETF were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FLBL. Hantz Financial Services Inc. acquired a new stake in shares of Franklin Senior Loan ETF in the second quarter valued at approximately $35,384,000. LPL Financial LLC grew its position in Franklin Senior Loan ETF by 136.0% during the 2nd quarter. LPL Financial LLC now owns 1,470,823 shares of the company’s stock worth $35,903,000 after purchasing an additional 847,700 shares during the last quarter. Pennsylvania Capital Management Inc. ADV raised its holdings in shares of Franklin Senior Loan ETF by 78.1% in the second quarter. Pennsylvania Capital Management Inc. ADV now owns 436,896 shares of the company’s stock valued at $10,665,000 after buying an additional 191,568 shares during the last quarter. Fifth Third Securities Inc. acquired a new stake in shares of Franklin Senior Loan ETF during the second quarter worth about $4,501,000. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Franklin Senior Loan ETF during the first quarter worth about $4,098,000.

Franklin Senior Loan ETF Stock Performance

Shares of FLBL stock opened at $24.32 on Monday. The firm has a 50-day moving average of $24.25 and a 200-day moving average of $24.33.

Franklin Senior Loan ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.1632 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from Franklin Senior Loan ETF’s previous dividend of $0.15.

Franklin Senior Loan ETF Company Profile

The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.