Assetmark Inc. Cuts Holdings in Franklin High Yield Corporate ETF (BATS:FLHY)

Assetmark Inc. decreased its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 24.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,979 shares of the company’s stock after selling 2,209 shares during the period. Assetmark Inc. owned about 0.06% of Franklin High Yield Corporate ETF worth $171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in Franklin High Yield Corporate ETF by 126.3% in the third quarter. US Bancorp DE now owns 6,808 shares of the company’s stock valued at $166,000 after buying an additional 3,800 shares in the last quarter. Traynor Capital Management Inc. acquired a new position in shares of Franklin High Yield Corporate ETF during the 2nd quarter worth about $210,000. Diversified LLC purchased a new position in Franklin High Yield Corporate ETF in the 2nd quarter valued at about $211,000. Williams & Novak LLC acquired a new stake in Franklin High Yield Corporate ETF in the 2nd quarter worth about $319,000. Finally, Cetera Advisors LLC purchased a new stake in Franklin High Yield Corporate ETF during the 1st quarter worth approximately $490,000.

Franklin High Yield Corporate ETF Stock Down 0.1 %

Shares of Franklin High Yield Corporate ETF stock opened at $24.04 on Monday. The firm’s 50 day moving average price is $24.24 and its 200 day moving average price is $23.98.

Franklin High Yield Corporate ETF Increases Dividend

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

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.