Assetmark Inc. Has $19.39 Million Stock Holdings in Franklin High Yield Corporate ETF $FLHY

Assetmark Inc. boosted its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 16.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 790,518 shares of the company’s stock after purchasing an additional 110,362 shares during the period. Assetmark Inc. owned 3.00% of Franklin High Yield Corporate ETF worth $19,391,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FLHY. Rossby Financial LCC acquired a new position in shares of Franklin High Yield Corporate ETF during the 2nd quarter valued at $26,000. Spire Wealth Management bought a new stake in shares of Franklin High Yield Corporate ETF during the 2nd quarter valued at $35,000. Geneos Wealth Management Inc. raised its position in shares of Franklin High Yield Corporate ETF by 59.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock worth $41,000 after buying an additional 650 shares in the last quarter. Ascent Group LLC bought a new position in shares of Franklin High Yield Corporate ETF in the 3rd quarter worth $203,000. Finally, RFG Advisory LLC bought a new position in Franklin High Yield Corporate ETF during the second quarter valued at approximately $216,000.

Franklin High Yield Corporate ETF Stock Down 0.0%

Shares of BATS:FLHY opened at $24.51 on Friday. The company has a 50-day moving average price of $24.48 and a 200-day moving average price of $24.41. Franklin High Yield Corporate ETF has a 12 month low of $22.64 and a 12 month high of $24.63.

Franklin High Yield Corporate ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.131 dividend. This is a positive change from Franklin High Yield Corporate ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.