8,870 Shares in Franklin High Yield Corporate ETF (BATS:FLHY) Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. purchased a new stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,870 shares of the company’s stock, valued at approximately $210,000. Traynor Capital Management Inc. owned 0.08% of Franklin High Yield Corporate ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prentice Wealth Management LLC grew its position in shares of Franklin High Yield Corporate ETF by 9.9% during the 2nd quarter. Prentice Wealth Management LLC now owns 683,204 shares of the company’s stock valued at $16,199,000 after acquiring 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 approximately $12,200,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Franklin High Yield Corporate ETF by 30.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 104,475 shares of the company’s stock worth $2,479,000 after buying an additional 24,657 shares during the period. International Assets Investment Management LLC lifted its position in shares of Franklin High Yield Corporate ETF by 21.2% during the 1st quarter. International Assets Investment Management LLC now owns 98,579 shares of the company’s stock valued at $2,320,000 after buying an additional 17,275 shares in the last quarter. Finally, Kovack Advisors Inc. acquired a new stake in Franklin High Yield Corporate ETF in the 1st quarter valued at $567,000.

Franklin High Yield Corporate ETF Stock Up 0.4 %

FLHY traded up $0.10 during midday trading on Friday, hitting $24.25. 89,207 shares of the company traded hands. The stock’s 50-day moving average price is $23.89 and its 200 day moving average price is $23.66.

Franklin High Yield Corporate ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were given a dividend of $0.1137 per share. The ex-dividend date of this dividend was Monday, July 1st.

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.