LPL Financial LLC Sells 7,923 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

LPL Financial LLC reduced its position in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 599,525 shares of the company’s stock after selling 7,923 shares during the quarter. LPL Financial LLC owned approximately 0.05% of Franklin High Yield Corporate ETF worth $14,311,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FLHY. Jane Street Group LLC acquired a new stake in shares of Franklin High Yield Corporate ETF during the 3rd quarter worth approximately $995,000. Stifel Financial Corp bought a new position in Franklin High Yield Corporate ETF in the third quarter valued at approximately $359,000. Atria Investments Inc grew its holdings in Franklin High Yield Corporate ETF by 22.6% during the 4th quarter. Atria Investments Inc now owns 11,163 shares of the company’s stock worth $266,000 after acquiring an additional 2,057 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Franklin High Yield Corporate ETF by 65.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,362 shares of the company’s stock valued at $343,000 after acquiring an additional 5,657 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Franklin High Yield Corporate ETF by 32.2% during the 4th quarter. Jones Financial Companies Lllp now owns 4,979 shares of the company’s stock valued at $119,000 after acquiring an additional 1,214 shares during the last quarter.

Franklin High Yield Corporate ETF Stock Performance

BATS:FLHY opened at $23.75 on Wednesday. Franklin High Yield Corporate ETF has a 12-month low of $23.18 and a 12-month high of $24.53. The stock’s fifty day simple moving average is $24.03 and its 200-day simple moving average is $24.09.

Franklin High Yield Corporate ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.1193 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.