Assetmark Inc. Sells 939 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

Assetmark Inc. reduced its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,040 shares of the company’s stock after selling 939 shares during the period. Assetmark Inc. owned approximately 0.05% of Franklin High Yield Corporate ETF worth $144,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. US Bancorp DE lifted its stake in Franklin High Yield Corporate ETF by 126.3% during the 3rd quarter. US Bancorp DE now owns 6,808 shares of the company’s stock valued at $166,000 after acquiring an additional 3,800 shares in the last quarter. Atria Investments Inc bought a new position in Franklin High Yield Corporate ETF during the 3rd quarter valued at $223,000. Hantz Financial Services Inc. lifted its stake 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 acquiring an additional 200,325 shares in the last quarter. Stifel Financial Corp bought a new position in Franklin High Yield Corporate ETF during the 3rd quarter valued at $359,000. Finally, Jane Street Group LLC bought a new position in Franklin High Yield Corporate ETF during the 3rd quarter valued at $995,000.

Franklin High Yield Corporate ETF Stock Performance

Shares of BATS:FLHY opened at $23.82 on Friday. Franklin High Yield Corporate ETF has a 1-year low of $23.18 and a 1-year high of $24.53. The stock’s fifty day simple moving average is $24.04 and its two-hundred day simple moving average is $24.13.

Franklin High Yield Corporate ETF Cuts Dividend

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