Keudell Morrison Wealth Management Invests $20.37 Million in Franklin Senior Loan ETF (BATS:FLBL)

Keudell Morrison Wealth Management acquired a new position in Franklin Senior Loan ETF (BATS:FLBL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 839,508 shares of the company’s stock, valued at approximately $20,371,000. Franklin Senior Loan ETF makes up about 5.3% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 3rd biggest position. Keudell Morrison Wealth Management owned about 5.73% of Franklin Senior Loan ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in shares of Franklin Senior Loan ETF during the fourth quarter worth $25,000. Farther Finance Advisors LLC acquired a new position in shares of Franklin Senior Loan ETF in the third quarter valued at about $109,000. Focus Financial Network Inc. purchased a new position in shares of Franklin Senior Loan ETF in the third quarter worth about $203,000. TFB Advisors LLC raised its stake in shares of Franklin Senior Loan ETF by 15.7% in the third quarter. TFB Advisors LLC now owns 9,655 shares of the company’s stock worth $234,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in shares of Franklin Senior Loan ETF during the third quarter worth about $243,000.

Franklin Senior Loan ETF Stock Up 0.3 %

Shares of BATS FLBL opened at $24.43 on Friday. The company’s 50 day simple moving average is $24.33 and its 200 day simple moving average is $24.30.

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.