Prentice Wealth Management LLC Boosts Position in Franklin High Yield Corporate ETF (BATS:FLHY)

Prentice Wealth Management LLC raised its holdings in Franklin High Yield Corporate ETF (BATS:FLHY) by 4.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 744,584 shares of the company’s stock after acquiring an additional 33,292 shares during the quarter. Franklin High Yield Corporate ETF makes up about 5.1% of Prentice Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Prentice Wealth Management LLC owned about 6.45% of Franklin High Yield Corporate ETF worth $17,773,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new stake in shares of Franklin High Yield Corporate ETF in the fourth quarter valued at about $1,848,000. State of New Jersey Common Pension Fund D bought a new stake in Franklin High Yield Corporate ETF in the fourth quarter valued at approximately $23,870,000. Valmark Advisers Inc. boosted its holdings in Franklin High Yield Corporate ETF by 5.5% in the fourth 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 during the last quarter. Sovran Advisors LLC acquired a new stake in Franklin High Yield Corporate ETF during the 4th quarter valued at approximately $2,071,000. Finally, Fifth Third Securities Inc. bought a new position in Franklin High Yield Corporate ETF during the 4th quarter worth approximately $416,000.

Franklin High Yield Corporate ETF Stock Performance

Shares of BATS FLHY opened at $24.11 on Friday. The stock has a 50-day moving average price of $24.00 and a 200 day moving average price of $24.13.

Franklin High Yield Corporate ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.1312 dividend. This is a positive change from Franklin High Yield Corporate ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, February 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.