Franklin High Yield Corporate ETF (BATS:FLHY) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 32.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,923 shares of the company’s stock after purchasing an additional 11,347 shares during the period. Kovack Advisors Inc. owned approximately 0.40% of Franklin High Yield Corporate ETF worth $1,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Valmark Advisers Inc. increased 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 valued at $671,000 after purchasing an additional 1,454 shares in the last quarter. US Bancorp DE grew its holdings in Franklin High Yield Corporate ETF by 126.3% in 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 during the last quarter. Atria Investments Inc purchased a new position in shares of Franklin High Yield Corporate ETF in the third quarter valued at $223,000. MML Investors Services LLC raised its stake in shares of Franklin High Yield Corporate ETF by 97.8% during the 3rd quarter. MML Investors Services LLC now owns 29,015 shares of the company’s stock worth $709,000 after buying an additional 14,348 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Franklin High Yield Corporate ETF in the 3rd quarter worth about $359,000.

Franklin High Yield Corporate ETF Stock Up 1.4 %

BATS:FLHY opened at $24.16 on Friday. The company’s fifty day simple moving average is $24.02 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. This is a boost from Franklin High Yield Corporate ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, February 3rd.

About Franklin High Yield Corporate ETF

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.