Horst & Graben Wealth Management Invests $676,000 in Gold ETF
Horst & Graben Wealth Management LLC has made a significant investment in the Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL), purchasing 13,087 shares valued at approximately $676,000. This acquisition occurred during the third quarter, as detailed in the firm’s recent Form 13F filing with the Securities and Exchange Commission.
Other investment firms have also shown interest in the Franklin Responsibly Sourced Gold ETF. Cozad Asset Management Inc. established a stake in the ETF during the second quarter, investing $224,000. Similarly, Sharkey Howes & Javer acquired shares worth $580,000 in the third quarter.
Flow Traders U.S. LLC significantly increased its holdings in the ETF, boosting its position by 158.3% during the second quarter. The firm now owns 17,182 shares, valued at around $755,000, following the purchase of an additional 10,531 shares. Other contributors to the ETF’s growth include Arthur M. Cohen & Associates LLC and Bank of America Corp DE, which invested $230,000 and $120,000, respectively, in the second quarter.
Performance Overview of Franklin Responsibly Sourced Gold ETF
As of the latest trading session, the Franklin Responsibly Sourced Gold ETF opened at $59.81. The fund’s performance has shown variability, with a 50-day moving average of $55.67 and a two-hundred day moving average of $49.96. Over the past year, the ETF has fluctuated between a low of $34.72 and a high of $60.00.
The Franklin Responsibly Sourced Gold ETF aims to track the LBMA Gold Price index, providing investors exposure to the price movements of gold while adhering to responsible sourcing guidelines established by the London Bullion Market Association. Launched on June 30, 2022, this fund is managed by Franklin Templeton, which underscores its commitment to ethical investment practices.
For investors looking to track movements and holdings in the Franklin Responsibly Sourced Gold ETF, resources such as HoldingsChannel.com offer insights into recent 13F filings and insider trades. Regular updates on news and analyst ratings for the ETF can also be received via MarketBeat’s daily email newsletter.
