20,023 Shares in Franklin High Yield Corporate ETF (BATS:FLHY) Purchased by AlphaQ Advisors LLC

AlphaQ Advisors LLC bought a new stake in Franklin High Yield Corporate ETF (BATS:FLHY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 20,023 shares of the company’s stock, valued at approximately $478,000. Franklin High Yield Corporate ETF accounts for about 1.3% of AlphaQ Advisors LLC’s holdings, making the stock its 23rd biggest holding. AlphaQ Advisors LLC owned about 0.17% of Franklin High Yield Corporate ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D acquired a new stake in Franklin High Yield Corporate ETF in the fourth quarter valued at about $23,870,000. Hantz Financial Services Inc. boosted its stake in shares of Franklin High Yield Corporate ETF by 11.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,548,089 shares of the company’s stock valued at $36,953,000 after purchasing an additional 160,137 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Franklin High Yield Corporate ETF during the 4th quarter valued at approximately $2,638,000. Ameriprise Financial Inc. increased its position in Franklin High Yield Corporate ETF by 32.5% during the 4th quarter. Ameriprise Financial Inc. now owns 356,917 shares of the company’s stock worth $8,521,000 after purchasing an additional 87,575 shares in the last quarter. Finally, Sovran Advisors LLC bought a new position in Franklin High Yield Corporate ETF in the 4th quarter valued at approximately $2,071,000.

Franklin High Yield Corporate ETF Stock Up 0.5%

BATS FLHY opened at $23.94 on Wednesday. The firm’s fifty day moving average price is $23.62 and its two-hundred day moving average price is $23.90. Franklin High Yield Corporate ETF has a fifty-two week low of $22.64 and a fifty-two week high of $24.53.

Franklin High Yield Corporate ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued 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.