Prosperity Financial Group Inc. Cuts Stake in Franklin Focused Growth ETF (NYSEARCA:FFOG)

Prosperity Financial Group Inc. decreased its stake in shares of Franklin Focused Growth ETF (NYSEARCA:FFOG) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,726 shares of the company’s stock after selling 3,276 shares during the period. Prosperity Financial Group Inc. owned 1.80% of Franklin Focused Growth ETF worth $1,444,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Franklin Focused Growth ETF by 21.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,965 shares of the company’s stock valued at $745,000 after buying an additional 3,470 shares in the last quarter. Apollon Wealth Management LLC raised its position in Franklin Focused Growth ETF by 36.2% in the third quarter. Apollon Wealth Management LLC now owns 14,191 shares of the company’s stock valued at $529,000 after purchasing an additional 3,770 shares during the period. Empire Life Investments Inc. raised its position in Franklin Focused Growth ETF by 126.1% in the third quarter. Empire Life Investments Inc. now owns 10,400 shares of the company’s stock valued at $388,000 after purchasing an additional 5,800 shares during the period. Prospera Financial Services Inc lifted its stake in shares of Franklin Focused Growth ETF by 21.0% during the third quarter. Prospera Financial Services Inc now owns 9,849 shares of the company’s stock worth $367,000 after purchasing an additional 1,706 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Franklin Focused Growth ETF in the first quarter worth about $253,000.

Franklin Focused Growth ETF Stock Performance

FFOG stock opened at $39.41 on Monday. The firm has a market cap of $84.73 million, a P/E ratio of 47.37 and a beta of 1.43. Franklin Focused Growth ETF has a 1 year low of $27.17 and a 1 year high of $40.32. The stock has a 50-day simple moving average of $38.09 and a 200-day simple moving average of $36.52.

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.