Envestnet Asset Management Inc. Grows Stake in Franklin High Yield Corporate ETF (BATS:FLHY)

Envestnet Asset Management Inc. raised its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,876 shares of the company’s stock after buying an additional 1,812 shares during the period. Envestnet Asset Management Inc. owned about 0.35% of Franklin High Yield Corporate ETF worth $952,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Franklin High Yield Corporate ETF by 32.2% in the fourth quarter. Jones Financial Companies Lllp now owns 4,979 shares of the company’s stock worth $119,000 after acquiring an additional 1,214 shares during the last quarter. OLD Mission Capital LLC purchased a new position in Franklin High Yield Corporate ETF in the 4th quarter valued at $222,000. Diversified Enterprises LLC boosted its stake in Franklin High Yield Corporate ETF by 7.6% during the 4th quarter. Diversified Enterprises LLC now owns 9,760 shares of the company’s stock worth $233,000 after purchasing an additional 691 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Franklin High Yield Corporate ETF by 22.6% during the fourth quarter. Atria Investments Inc now owns 11,163 shares of the company’s stock worth $266,000 after buying an additional 2,057 shares in the last quarter. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Franklin High Yield Corporate ETF in the fourth quarter valued at about $266,000.

Franklin High Yield Corporate ETF Price Performance

BATS:FLHY opened at $23.60 on Friday. Franklin High Yield Corporate ETF has a twelve month low of $22.64 and a twelve month high of $24.53. The company’s 50-day moving average price is $23.68 and its 200-day moving average price is $23.94.

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 paid a dividend of $0.1193 per share. The ex-dividend date of this dividend was Monday, March 3rd.

About Franklin High Yield Corporate ETF

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.