Franklin Resources Inc. Decreases Stock Position in Franklin High Yield Corporate ETF $FLHY

Franklin Resources Inc. trimmed its holdings in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 17.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,494,773 shares of the company’s stock after selling 2,368,232 shares during the quarter. Franklin Resources Inc. owned 0.44% of Franklin High Yield Corporate ETF worth $281,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in shares of Franklin High Yield Corporate ETF by 59.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after purchasing an additional 650 shares in the last quarter. Atria Investments Inc raised its position in Franklin High Yield Corporate ETF by 8.8% in the 2nd quarter. Atria Investments Inc now owns 12,519 shares of the company’s stock worth $305,000 after buying an additional 1,014 shares during the last quarter. Fourth Dimension Wealth LLC lifted its stake in Franklin High Yield Corporate ETF by 7.0% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 15,568 shares of the company’s stock valued at $382,000 after acquiring an additional 1,025 shares during the period. US Bancorp DE boosted its holdings in shares of Franklin High Yield Corporate ETF by 52.7% during the 3rd quarter. US Bancorp DE now owns 4,593 shares of the company’s stock valued at $113,000 after acquiring an additional 1,585 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Franklin High Yield Corporate ETF by 15.5% in the second quarter. Jane Street Group LLC now owns 14,262 shares of the company’s stock worth $347,000 after acquiring an additional 1,914 shares during the period.

Franklin High Yield Corporate ETF Stock Performance

Shares of Franklin High Yield Corporate ETF stock opened at $24.09 on Friday. The company’s 50 day moving average is $24.49 and its 200 day moving average is $24.43. Franklin High Yield Corporate ETF has a twelve month low of $22.64 and a twelve month high of $24.63.

Franklin High Yield Corporate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1147 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, March 2nd.

Franklin High Yield Corporate ETF 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.