Valmark Advisers Inc. Decreases Stock Holdings in Franklin High Yield Corporate ETF (BATS:FLHY)

Posted by Christopher Mengel on Oct 31st, 2024

Valmark Advisers Inc. lowered its holdings in Franklin High Yield Corporate ETF (BATS:FLHY – Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,645 shares of the company’s stock after selling 1,547 shares during the period. Valmark Advisers Inc. owned about 0.23% of Franklin High Yield Corporate ETF worth $651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FLHY. Traynor Capital Management Inc. bought a new stake in shares of Franklin High Yield Corporate ETF in the 2nd quarter worth approximately $210,000. Diversified LLC bought a new stake in shares of Franklin High Yield Corporate ETF in the second quarter valued at $211,000. Williams & Novak LLC purchased a new position in shares of Franklin High Yield Corporate ETF during the 2nd quarter valued at $319,000. Cetera Advisors LLC bought a new position in shares of Franklin High Yield Corporate ETF during the 1st quarter worth $490,000. Finally, Ocean Park Asset Management LLC purchased a new stake in Franklin High Yield Corporate ETF in the 2nd quarter worth about $545,000.

Franklin High Yield Corporate ETF Trading Down 0.1 %

BATS FLHY opened at $24.17 on Thursday. The firm’s 50 day simple moving average is $24.28 and its 200-day simple moving average is $23.91.

Franklin High Yield Corporate ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.1243 dividend. This is a positive change from Franklin High Yield Corporate ETF’s previous dividend of $0.11. The ex-dividend date was Tuesday, September 3rd.

Franklin High Yield Corporate ETF Company Profile

(Free Report)

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.