Fifth Third Securities Inc. Grows Position in Franklin Focused Growth ETF $FFOG

Fifth Third Securities Inc. raised its holdings in Franklin Focused Growth ETF (NYSEARCA:FFOG) by 310.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,304 shares of the company’s stock after purchasing an additional 53,196 shares during the period. Fifth Third Securities Inc. owned 1.76% of Franklin Focused Growth ETF worth $3,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FFOG. Avantax Advisory Services Inc. raised its holdings in Franklin Focused Growth ETF by 18.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 78,715 shares of the company’s stock valued at $3,462,000 after acquiring an additional 12,022 shares during the period. Cetera Investment Advisers grew its position in shares of Franklin Focused Growth ETF by 12.7% in the second quarter. Cetera Investment Advisers now owns 170,283 shares of the company’s stock valued at $7,489,000 after purchasing an additional 19,170 shares in the last quarter. Elevation Capital Advisory LLC bought a new stake in shares of Franklin Focused Growth ETF during the 2nd quarter valued at $282,000. Atria Wealth Solutions Inc. purchased a new stake in Franklin Focused Growth ETF during the 2nd quarter worth about $703,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Franklin Focused Growth ETF in the 2nd quarter worth about $610,000.

Franklin Focused Growth ETF Stock Up 1.6%

FFOG stock opened at $46.77 on Friday. The firm has a market capitalization of $196.43 million, a PE ratio of 47.17 and a beta of 1.41. The stock has a 50-day simple moving average of $47.13 and a two-hundred day simple moving average of $45.76. Franklin Focused Growth ETF has a twelve month low of $30.05 and a twelve month high of $50.12.

Franklin Focused Growth ETF Profile

The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.