PFG Advisors Grows Stake in Franklin High Yield Corporate ETF (BATS:FLHY)

PFG Advisors grew its holdings in Franklin High Yield Corporate ETF (BATS:FLHY) by 11.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 122,323 shares of the company’s stock after buying an additional 12,075 shares during the quarter. PFG Advisors’ holdings in Franklin High Yield Corporate ETF were worth $2,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of Franklin High Yield Corporate ETF by 32.2% in the 4th quarter. Jones Financial Companies Lllp now owns 4,979 shares of the company’s stock valued at $119,000 after purchasing an additional 1,214 shares during the period. US Bancorp DE lifted its stake in shares of Franklin High Yield Corporate ETF by 126.3% in the 3rd 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 period. Atria Investments Inc purchased a new position in shares of Franklin High Yield Corporate ETF in the 3rd quarter valued at approximately $223,000. PNC Financial Services Group Inc. lifted its stake in shares of Franklin High Yield Corporate ETF by 65.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,362 shares of the company’s stock valued at $343,000 after purchasing an additional 5,657 shares during the period. Finally, Stifel Financial Corp purchased a new position in shares of Franklin High Yield Corporate ETF in the 3rd quarter valued at approximately $359,000.

Franklin High Yield Corporate ETF Stock Performance

FLHY opened at $23.85 on Thursday. The business has a 50 day moving average of $24.05 and a 200-day moving average of $24.13. Franklin High Yield Corporate ETF has a 52 week low of $23.18 and a 52 week high of $24.53.

Franklin High Yield Corporate ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1193 per share. The ex-dividend date was Monday, March 3rd.

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.