Cetera Investment Advisers Grows Position in Franklin High Yield Corporate ETF (BATS:FLHY)

Cetera Investment Advisers grew its stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 72.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,619 shares of the company’s stock after buying an additional 27,041 shares during the period. Cetera Investment Advisers owned 0.56% of Franklin High Yield Corporate ETF worth $1,532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Hantz Financial Services Inc. purchased a new stake in shares of Franklin High Yield Corporate ETF in the second quarter valued at $28,159,000. Prentice Wealth Management LLC grew its position in shares of Franklin High Yield Corporate ETF by 9.9% in the second quarter. Prentice Wealth Management LLC now owns 683,204 shares of the company’s stock valued at $16,199,000 after purchasing an additional 61,507 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in shares of Franklin High Yield Corporate ETF in the second quarter valued at $12,200,000. International Assets Investment Management LLC grew its position in Franklin High Yield Corporate ETF by 0.5% during the second quarter. International Assets Investment Management LLC now owns 99,079 shares of the company’s stock valued at $2,349,000 after acquiring an additional 500 shares during the period. Finally, PFG Advisors purchased a new stake in Franklin High Yield Corporate ETF during the second quarter valued at about $2,238,000.

Franklin High Yield Corporate ETF Stock Down 0.1 %

FLHY stock opened at $24.23 on Wednesday. The firm’s 50-day moving average price is $24.24 and its 200-day moving average price is $23.86.

Franklin High Yield Corporate ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.1243 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from Franklin High Yield Corporate ETF’s previous dividend of $0.11.

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.