Cannon Wealth Management Services LLC Reduces Holdings in Franklin High Yield Corporate ETF (BATS:FLHY)

Cannon Wealth Management Services LLC reduced its stake in Franklin High Yield Corporate ETF (BATS:FLHY) by 16.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,639 shares of the company’s stock after selling 36,871 shares during the period. Franklin High Yield Corporate ETF accounts for 3.8% of Cannon Wealth Management Services LLC’s holdings, making the stock its 9th biggest holding. Cannon Wealth Management Services LLC owned about 1.60% of Franklin High Yield Corporate ETF worth $4,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Valmark Advisers Inc. grew its stake in Franklin High Yield Corporate ETF by 5.5% in the 4th quarter. Valmark Advisers Inc. now owns 28,099 shares of the company’s stock worth $671,000 after acquiring an additional 1,454 shares in the last quarter. US Bancorp DE boosted its stake in shares of Franklin High Yield Corporate ETF by 126.3% during the third quarter. US Bancorp DE now owns 6,808 shares of the company’s stock valued at $166,000 after purchasing an additional 3,800 shares in the last quarter. Atria Investments Inc bought a new position in shares of Franklin High Yield Corporate ETF during the third quarter valued at approximately $223,000. MML Investors Services LLC boosted its stake in shares of Franklin High Yield Corporate ETF by 97.8% during the third quarter. MML Investors Services LLC now owns 29,015 shares of the company’s stock valued at $709,000 after purchasing an additional 14,348 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Franklin High Yield Corporate ETF during the third quarter valued at approximately $359,000.

Franklin High Yield Corporate ETF Stock Performance

BATS FLHY opened at $24.11 on Monday. The company’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $24.13.

Franklin High Yield Corporate ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1312 per share. The ex-dividend date was Monday, February 3rd. This is an increase 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.