New York Life Investment Management LLC Buys 999,969 Shares of Franklin Senior Loan ETF $FLBL

New York Life Investment Management LLC increased its stake in Franklin Senior Loan ETF (BATS:FLBL) by 38.3% in the third quarter, Holdings Channel.com reports. The firm owned 3,612,159 shares of the company’s stock after purchasing an additional 999,969 shares during the quarter. Franklin Senior Loan ETF makes up approximately 0.8% of New York Life Investment Management LLC’s investment portfolio, making the stock its 21st largest position. New York Life Investment Management LLC owned approximately 0.08% of Franklin Senior Loan ETF worth $86,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashford Capital Management Inc. bought a new stake in shares of Franklin Senior Loan ETF in the second quarter valued at about $11,322,000. Ocean Park Asset Management LLC grew its holdings in shares of Franklin Senior Loan ETF by 89.6% during the third quarter. Ocean Park Asset Management LLC now owns 408,400 shares of the company’s stock worth $9,810,000 after buying an additional 193,000 shares in the last quarter. Bank of America Corp DE raised its position in Franklin Senior Loan ETF by 2,338.8% in the 2nd quarter. Bank of America Corp DE now owns 188,688 shares of the company’s stock valued at $4,572,000 after buying an additional 180,951 shares during the last quarter. Summit Investment Advisory Services LLC bought a new stake in Franklin Senior Loan ETF in the 2nd quarter valued at approximately $4,271,000. Finally, Curran Financial Partners LLC lifted its stake in Franklin Senior Loan ETF by 49.4% in the 3rd quarter. Curran Financial Partners LLC now owns 532,868 shares of the company’s stock valued at $12,799,000 after acquiring an additional 176,118 shares in the last quarter.

Franklin Senior Loan ETF Stock Down 2.6%

Shares of FLBL opened at $23.12 on Monday. Franklin Senior Loan ETF has a twelve month low of $22.92 and a twelve month high of $24.45. The company has a 50 day moving average of $23.51 and a 200-day moving average of $23.81.

Franklin Senior Loan ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.1137 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.9%.

About Franklin Senior Loan ETF

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.