Capital Wealth Management LLC Takes $868,000 Position in Franklin Senior Loan ETF (BATS:FLBL)

Capital Wealth Management LLC bought a new position in Franklin Senior Loan ETF (BATS:FLBL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 35,429 shares of the company’s stock, valued at approximately $868,000. Franklin Senior Loan ETF comprises about 0.4% of Capital Wealth Management LLC’s portfolio, making the stock its 25th biggest position. Capital Wealth Management LLC owned approximately 0.38% of Franklin Senior Loan ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FLBL. Kovack Advisors Inc. acquired a new stake in shares of Franklin Senior Loan ETF during the 1st quarter valued at $867,000. OneAscent Wealth Management LLC raised its holdings in shares of Franklin Senior Loan ETF by 54.2% during the first quarter. OneAscent Wealth Management LLC now owns 22,919 shares of the company’s stock worth $561,000 after acquiring an additional 8,055 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in Franklin Senior Loan ETF during the first quarter valued at $530,000. Fermata Advisors LLC purchased a new position in Franklin Senior Loan ETF in the first quarter valued at about $314,000. Finally, Systelligence LLC increased its position in Franklin Senior Loan ETF by 0.6% in the 1st quarter. Systelligence LLC now owns 577,084 shares of the company’s stock worth $14,136,000 after purchasing an additional 3,635 shares during the last quarter.

Franklin Senior Loan ETF Price Performance

Shares of FLBL traded down $0.01 during midday trading on Thursday, reaching $24.30. 118,287 shares of the stock were exchanged. The business has a 50-day simple moving average of $24.39 and a 200 day simple moving average of $24.33.

Franklin Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be paid a $0.1481 dividend. The ex-dividend date of this dividend is Monday, July 1st.

Franklin Senior Loan ETF 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.