Independent Advisor Alliance Buys New Shares in Franklin Focused Growth ETF (NYSEARCA:FFOG)

Independent Advisor Alliance acquired a new stake in Franklin Focused Growth ETF (NYSEARCA:FFOG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 20,951 shares of the company’s stock, valued at approximately $837,000.

Several other institutional investors also recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Franklin Focused Growth ETF in the third quarter valued at approximately $377,000. Stifel Financial Corp lifted its holdings in Franklin Focused Growth ETF by 20.1% during the 3rd quarter. Stifel Financial Corp now owns 7,784 shares of the company’s stock valued at $290,000 after purchasing an additional 1,301 shares during the last quarter. Empire Life Investments Inc. boosted its position in Franklin Focused Growth ETF by 176.0% during the fourth quarter. Empire Life Investments Inc. now owns 28,700 shares of the company’s stock worth $1,147,000 after purchasing an additional 18,300 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Franklin Focused Growth ETF in the fourth quarter valued at $131,000. Finally, Encompass More Asset Management raised its position in shares of Franklin Focused Growth ETF by 8.6% in the fourth quarter. Encompass More Asset Management now owns 136,750 shares of the company’s stock valued at $5,465,000 after purchasing an additional 10,864 shares during the period.

Franklin Focused Growth ETF Stock Performance

Shares of FFOG stock opened at $36.14 on Friday. Franklin Focused Growth ETF has a 52 week low of $31.32 and a 52 week high of $42.92. The company has a market capitalization of $119.26 million, a price-to-earnings ratio of 39.79 and a beta of 1.43. The company has a 50-day simple moving average of $39.97 and a 200 day simple moving average of $39.06.

Franklin Focused Growth ETF Company 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.