Smartleaf Asset Management LLC Purchases New Holdings in Franklin High Yield Corporate ETF $FLHY

Smartleaf Asset Management LLC purchased a new stake in Franklin High Yield Corporate ETF (BATS:FLHY) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 46,604 shares of the company’s stock, valued at approximately $1,144,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rossby Financial LCC acquired a new stake in shares of Franklin High Yield Corporate ETF in the 2nd quarter valued at approximately $26,000. Spire Wealth Management bought a new stake in Franklin High Yield Corporate ETF during the second quarter worth $35,000. Geneos Wealth Management Inc. lifted its stake in Franklin High Yield Corporate ETF by 59.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after acquiring an additional 650 shares during the last quarter. Ascent Group LLC bought a new position in shares of Franklin High Yield Corporate ETF in the 3rd quarter valued at about $203,000. Finally, RFG Advisory LLC bought a new position in shares of Franklin High Yield Corporate ETF in the 2nd quarter valued at about $216,000.

Franklin High Yield Corporate ETF Stock Up 0.2%

Shares of FLHY stock opened at $24.55 on Tuesday. Franklin High Yield Corporate ETF has a 52-week low of $22.64 and a 52-week high of $24.63. The firm’s 50-day moving average is $24.47 and its 200-day moving average is $24.40.

Franklin High Yield Corporate ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.131 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from Franklin High Yield Corporate ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

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.