Horst & Graben Wealth Management LLC has made a significant investment in the Franklin Responsibly Sourced Gold ETF (NYSEARCA: FGDL), acquiring 13,087 shares valued at approximately $676,000. This purchase occurred during the third quarter of 2023, as detailed in the firm’s recent Form 13F filing with the Securities and Exchange Commission.
Several other hedge funds have also shown interest in the Franklin ETF recently. For instance, Cozad Asset Management Inc. made a new investment in the second quarter, worth $224,000. Likewise, Sharkey Howes & Javer entered the market with a stake valued at $580,000 during the third quarter. Flow Traders U.S. LLC notably increased its holdings by 158.3%, now owning 17,182 shares worth approximately $755,000 after purchasing an additional 10,531 shares in the last quarter. Other firms like Arthur M. Cohen & Associates LLC and Bank of America Corp DE also acquired new positions in FGDL, valued at about $230,000 and $120,000 respectively.
Market Performance of Franklin Responsibly Sourced Gold ETF
The stock of the Franklin Responsibly Sourced Gold ETF opened at $59.81 on the latest trading day. The fund has demonstrated considerable price movement, with a 50-day moving average of $55.67 and a 200-day moving average of $49.96. Over the past year, the ETF has experienced a low of $34.72 and a high of $60.00, reflecting the volatility often associated with gold investments.
About the Franklin Responsibly Sourced Gold ETF
Launched on June 30, 2022, the Franklin Responsibly Sourced Gold ETF is managed by Franklin Templeton. The ETF tracks the LBMA Gold Price index, aiming to reflect the price movements of gold while accounting for expenses and liabilities. Importantly, the fund utilizes gold bars that adhere to the responsible gold guidelines established by the London Bullion Market Association.
For investors and analysts interested in the latest developments regarding the Franklin Responsibly Sourced Gold ETF, detailed information on holdings and recent transactions can be found through various financial reporting platforms.
