Wells Fargo & Company MN Acquires 48,990 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

Wells Fargo & Company MN grew its holdings in Franklin High Yield Corporate ETF (BATS:FLHY) by 26.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,752 shares of the company’s stock after purchasing an additional 48,990 shares during the period. Wells Fargo & Company MN owned approximately 2.02% of Franklin High Yield Corporate ETF worth $5,580,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Stifel Financial Corp purchased a new stake in shares of Franklin High Yield Corporate ETF during the third quarter worth $359,000. Jane Street Group LLC purchased a new stake in Franklin High Yield Corporate ETF during the 3rd quarter worth about $995,000. MML Investors Services LLC boosted its stake in Franklin High Yield Corporate ETF by 97.8% in the 3rd quarter. MML Investors Services LLC now owns 29,015 shares of the company’s stock worth $709,000 after purchasing an additional 14,348 shares during the period. Franklin Resources Inc. grew its holdings in 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 valued at $345,405,000 after buying an additional 8,748,894 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in Franklin High Yield Corporate ETF by 2.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 632,445 shares of the company’s stock valued at $15,096,000 after buying an additional 15,543 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Performance

FLHY stock opened at $23.41 on Friday. The firm has a 50 day moving average of $23.77 and a 200-day moving average of $23.98. Franklin High Yield Corporate ETF has a 12 month low of $22.64 and a 12 month high of $24.53.

Franklin High Yield Corporate ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1193 per share. The ex-dividend date 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.