Investors Buy Franklin Liberty Senior Loan ETF (FLBL) on Weakness

Traders bought shares of Franklin Liberty Senior Loan ETF (BATS:FLBL) on weakness during trading hours on Thursday. $35.56 million flowed into the stock on the tick-up and $1.27 million flowed out of the stock on the tick-down, for a money net flow of $34.29 million into the stock. Of all equities tracked, Franklin Liberty Senior Loan ETF had the 23rd highest net in-flow for the day. Franklin Liberty Senior Loan ETF traded down ($0.05) for the day and closed at $24.82

The firm also recently announced a monthly dividend, which was paid on Friday, January 4th. Shareholders of record on Monday, December 31st were paid a dividend of $0.1317 per share. This is an increase from Franklin Liberty Senior Loan ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.58 annualized dividend and a yield of 6.36%.

A number of hedge funds and other institutional investors have recently modified their holdings of FLBL. CIBC World Markets Inc. acquired a new position in Franklin Liberty Senior Loan ETF during the third quarter worth about $6,512,000. Jane Street Group LLC acquired a new position in Franklin Liberty Senior Loan ETF during the second quarter worth about $12,669,000. Finally, Franklin Resources Inc. raised its stake in Franklin Liberty Senior Loan ETF by 22.1% during the third quarter. Franklin Resources Inc. now owns 607,900 shares of the company’s stock worth $15,356,000 after acquiring an additional 110,000 shares in the last quarter.

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