J.W. Cole Advisors Inc. Boosts Stake in Franklin High Yield Corporate ETF (BATS:FLHY)

J.W. Cole Advisors Inc. grew its stake in Franklin High Yield Corporate ETF (BATS:FLHY) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,114 shares of the company’s stock after buying an additional 1,832 shares during the period. J.W. Cole Advisors Inc. owned 0.19% of Franklin High Yield Corporate ETF worth $425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLHY. Diversified LLC raised its holdings in shares of Franklin High Yield Corporate ETF by 11.1% during the third quarter. Diversified LLC now owns 10,149 shares of the company’s stock worth $228,000 after purchasing an additional 1,018 shares during the last quarter. Valmark Advisers Inc. purchased a new position in shares of Franklin High Yield Corporate ETF during the third quarter worth $575,000. Advisors Asset Management Inc. raised its holdings in shares of Franklin High Yield Corporate ETF by 37.2% during the third quarter. Advisors Asset Management Inc. now owns 19,251 shares of the company’s stock worth $433,000 after purchasing an additional 5,224 shares during the last quarter. Prentice Wealth Management LLC raised its holdings in shares of Franklin High Yield Corporate ETF by 4.0% during the fourth quarter. Prentice Wealth Management LLC now owns 591,751 shares of the company’s stock worth $13,871,000 after purchasing an additional 22,518 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Franklin High Yield Corporate ETF during the fourth quarter worth $1,871,000.

Franklin High Yield Corporate ETF Trading Up 0.4 %

FLHY stock opened at $23.48 on Wednesday. The firm’s 50 day moving average price is $23.51 and its two-hundred day moving average price is $23.16.

Franklin High Yield Corporate ETF Increases Dividend

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

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.