Ameriprise Financial Inc. Purchases 87,575 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

Ameriprise Financial Inc. increased its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 32.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,917 shares of the company’s stock after purchasing an additional 87,575 shares during the period. Ameriprise Financial Inc. owned approximately 3.09% of Franklin High Yield Corporate ETF worth $8,521,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Diversified Enterprises LLC lifted 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 valued at $233,000 after acquiring an additional 691 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Franklin High Yield Corporate ETF by 9.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,936 shares of the company’s stock valued at $333,000 after acquiring an additional 1,158 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in 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 in the last quarter. Regal Investment Advisors LLC lifted its stake in Franklin High Yield Corporate ETF by 11.4% during the 4th quarter. Regal Investment Advisors LLC now owns 13,118 shares of the company’s stock valued at $313,000 after acquiring an additional 1,347 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its stake in Franklin High Yield Corporate ETF by 5.5% during the 4th quarter. Valmark Advisers Inc. now owns 28,099 shares of the company’s stock valued at $671,000 after acquiring an additional 1,454 shares in the last quarter.

Franklin High Yield Corporate ETF Trading Up 0.5%

BATS FLHY opened at $23.94 on Wednesday. Franklin High Yield Corporate ETF has a one year low of $22.64 and a one year high of $24.53. The business’s fifty day moving average is $23.62 and its 200-day moving average is $23.90.

Franklin High Yield Corporate ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1193 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.