Kovack Advisors Inc. Takes Position in Franklin Senior Loan ETF (BATS:FLBL)

Kovack Advisors Inc. purchased a new stake in Franklin Senior Loan ETF (BATS:FLBL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 35,387 shares of the company’s stock, valued at approximately $867,000. Kovack Advisors Inc. owned about 0.38% of Franklin Senior Loan ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in shares of Franklin Senior Loan ETF in the 1st quarter worth $38,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Franklin Senior Loan ETF in the fourth quarter valued at about $94,000. Avantax Advisory Services Inc. acquired a new stake in Franklin Senior Loan ETF during the fourth quarter worth about $209,000. Strategic Blueprint LLC purchased a new position in Franklin Senior Loan ETF during the fourth quarter worth about $214,000. Finally, Arkadios Wealth Advisors acquired a new position in Franklin Senior Loan ETF in the 4th quarter valued at about $253,000.

Franklin Senior Loan ETF Price Performance

Franklin Senior Loan ETF stock opened at $24.30 on Friday. The company has a fifty day moving average price of $24.38 and a 200 day moving average price of $24.33.

Franklin Senior Loan ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be issued a $0.1481 dividend. The ex-dividend date is Monday, July 1st.

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.