Franklin Resources Inc. Has $124.73 Million Stock Holdings in Franklin High Yield Corporate ETF (BATS:FLHY)

Franklin Resources Inc. lowered its holdings in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,321,304 shares of the company’s stock after selling 482,303 shares during the period. Franklin Resources Inc. owned approximately 54.86% of Franklin High Yield Corporate ETF worth $124,731,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FLHY. Aspire Wealth Management Corp acquired a new stake in Franklin High Yield Corporate ETF in the fourth quarter valued at approximately $61,000. CENTRAL TRUST Co grew its stake in Franklin High Yield Corporate ETF by 238.4% in the fourth quarter. CENTRAL TRUST Co now owns 5,726 shares of the company’s stock valued at $134,000 after acquiring an additional 4,034 shares during the period. J.W. Cole Advisors Inc. grew its stake in Franklin High Yield Corporate ETF by 11.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 18,114 shares of the company’s stock valued at $425,000 after acquiring an additional 1,832 shares during the period. Advisors Asset Management Inc. grew its stake in Franklin High Yield Corporate ETF by 37.2% in the third quarter. Advisors Asset Management Inc. now owns 19,251 shares of the company’s stock valued at $433,000 after acquiring an additional 5,224 shares during the period. Finally, Valmark Advisers Inc. acquired a new stake in Franklin High Yield Corporate ETF in the third quarter valued at approximately $575,000.

Franklin High Yield Corporate ETF Stock Down 0.1 %

Shares of Franklin High Yield Corporate ETF stock opened at $23.63 on Thursday. The firm has a 50 day moving average price of $23.53 and a 200 day moving average price of $23.37.

Franklin High Yield Corporate ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1252 per share. This is an increase from Franklin High Yield Corporate ETF’s previous dividend of $0.12. The ex-dividend date was Monday, April 1st.

Franklin High Yield Corporate ETF Company Profile

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.