Sovran Advisors LLC Purchases Shares of 86,966 Franklin High Yield Corporate ETF (BATS:FLHY)

Sovran Advisors LLC purchased a new stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 86,966 shares of the company’s stock, valued at approximately $2,071,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Franklin High Yield Corporate ETF by 159.5% in the 3rd quarter. Franklin Resources Inc. now owns 14,234,711 shares of the company’s stock valued at $345,405,000 after purchasing an additional 8,748,894 shares during the period. International Assets Investment Management LLC lifted its holdings in Franklin High Yield Corporate ETF by 2,580.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,655,856 shares of the company’s stock worth $64,922,000 after purchasing an additional 2,556,777 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Franklin High Yield Corporate ETF by 16.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,387,952 shares of the company’s stock valued at $33,929,000 after buying an additional 200,325 shares in the last quarter. Jane Street Group LLC purchased a new position in Franklin High Yield Corporate ETF in the third quarter worth about $995,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Franklin High Yield Corporate ETF by 72.0% in the 2nd quarter. Cetera Investment Advisers now owns 64,619 shares of the company’s stock worth $1,532,000 after acquiring an additional 27,041 shares during the last quarter.

Franklin High Yield Corporate ETF Stock Up 1.2 %

Franklin High Yield Corporate ETF stock opened at $24.10 on Tuesday. The company’s fifty day moving average is $24.01 and its 200 day moving average is $24.12.

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 $0.1312 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Franklin High Yield Corporate ETF’s previous dividend of $0.12.

Franklin High Yield Corporate ETF Company 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.