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

Sovran Advisors LLC bought a new stake in Franklin High Yield Corporate ETF (BATS:FLHY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 86,966 shares of the company’s stock, valued at approximately $2,071,000. Sovran Advisors LLC owned about 0.75% of Franklin High Yield Corporate ETF at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE increased its position in shares of 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 acquiring an additional 3,800 shares during the last quarter. Atria Investments Inc bought a new position in Franklin High Yield Corporate ETF in the third quarter valued at about $223,000. Stifel Financial Corp bought a new stake in Franklin High Yield Corporate ETF during the 3rd quarter worth $359,000. Fifth Third Securities Inc. bought a new stake in shares of Franklin High Yield Corporate ETF in the fourth quarter worth $416,000. Finally, MML Investors Services LLC increased its position in Franklin High Yield Corporate ETF by 97.8% during the 3rd quarter. MML Investors Services LLC now owns 29,015 shares of the company’s stock valued at $709,000 after purchasing an additional 14,348 shares during the period.

Franklin High Yield Corporate ETF Price Performance

Shares of FLHY opened at $24.10 on Tuesday. The company has a 50 day moving average price of $24.01 and a 200-day moving average price of $24.12.

Franklin High Yield Corporate ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.1312 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase 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.