Valmark Advisers Inc. Purchases 1,454 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

Valmark Advisers Inc. lifted its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,099 shares of the company’s stock after acquiring an additional 1,454 shares during the period. Valmark Advisers Inc.’s holdings in Franklin High Yield Corporate ETF were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. lifted its holdings in shares of Franklin High Yield Corporate ETF by 159.5% during the 3rd quarter. Franklin Resources Inc. now owns 14,234,711 shares of the company’s stock worth $345,405,000 after acquiring an additional 8,748,894 shares during the period. International Assets Investment Management LLC boosted its holdings in Franklin High Yield Corporate ETF by 2,580.5% during the third quarter. International Assets Investment Management LLC now owns 2,655,856 shares of the company’s stock valued at $64,922,000 after purchasing an additional 2,556,777 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Franklin High Yield Corporate ETF by 11.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,548,089 shares of the company’s stock valued at $36,953,000 after purchasing an additional 160,137 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in shares of Franklin High Yield Corporate ETF by 2.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 632,445 shares of the company’s stock worth $15,096,000 after buying an additional 15,543 shares in the last quarter. Finally, Sovran Advisors LLC bought a new position in shares of Franklin High Yield Corporate ETF during the 4th quarter worth approximately $2,071,000.

Franklin High Yield Corporate ETF Stock Up 1.4 %

Shares of FLHY stock opened at $24.14 on Tuesday. The company’s 50-day moving average price is $24.00 and its 200-day moving average price is $24.12.

Franklin High Yield Corporate ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.1312 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Franklin High Yield Corporate ETF’s previous dividend of $0.12.

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.