Valmark Advisers Inc. Reduces Stake in Franklin High Yield Corporate ETF (BATS:FLHY)

Valmark Advisers Inc. reduced its holdings in Franklin High Yield Corporate ETF (BATS:FLHY) by 5.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,645 shares of the company’s stock after selling 1,547 shares during the quarter. Valmark Advisers Inc.’s holdings in Franklin High Yield Corporate ETF were worth $651,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FLHY. International Assets Investment Management LLC boosted its holdings in Franklin High Yield Corporate ETF by 0.5% in the second quarter. International Assets Investment Management LLC now owns 99,079 shares of the company’s stock valued at $2,349,000 after acquiring an additional 500 shares in the last quarter. Williams & Novak LLC lifted its position in shares of Franklin High Yield Corporate ETF by 19.0% in the 3rd quarter. Williams & Novak LLC now owns 16,012 shares of the company’s stock worth $391,000 after purchasing an additional 2,560 shares during the period. Traynor Capital Management Inc. bought a new stake in shares of Franklin High Yield Corporate ETF during the 2nd quarter valued at about $210,000. Diversified LLC purchased a new position in shares of Franklin High Yield Corporate ETF during the second quarter valued at about $211,000. Finally, PFG Advisors raised its stake in Franklin High Yield Corporate ETF by 16.8% in the third quarter. PFG Advisors now owns 110,248 shares of the company’s stock worth $2,695,000 after buying an additional 15,869 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Down 0.1 %

Shares of FLHY opened at $24.17 on Thursday. The business has a 50 day moving average of $24.28 and a 200-day moving average of $23.91.

Franklin High Yield Corporate ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1243 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from Franklin High Yield Corporate ETF’s previous dividend of $0.11.

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.