Diversified Enterprises LLC Has $233,000 Stake in Franklin High Yield Corporate ETF (BATS:FLHY)

Diversified Enterprises LLC raised its stake in Franklin High Yield Corporate ETF (BATS:FLHY) by 7.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,760 shares of the company’s stock after buying an additional 691 shares during the period. Diversified Enterprises LLC’s holdings in Franklin High Yield Corporate ETF were worth $233,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FLHY. Franklin Resources Inc. lifted its stake in Franklin High Yield Corporate ETF by 159.5% in the third 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 during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Franklin High Yield Corporate ETF during the fourth quarter worth about $23,870,000. Hantz Financial Services Inc. raised its position in shares of Franklin High Yield Corporate ETF by 16.9% during the third quarter. Hantz Financial Services Inc. now owns 1,387,952 shares of the company’s stock worth $33,929,000 after purchasing an additional 200,325 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Franklin High Yield Corporate ETF during the fourth quarter worth about $2,638,000. Finally, Sovran Advisors LLC acquired a new stake in shares of Franklin High Yield Corporate ETF during the fourth quarter worth about $2,071,000.

Franklin High Yield Corporate ETF Stock Up 0.0 %

BATS FLHY opened at $23.82 on Friday. The stock’s 50-day moving average is $24.04 and its 200-day moving average is $24.12. Franklin High Yield Corporate ETF has a one year low of $23.18 and a one year high of $24.53.

Franklin High Yield Corporate ETF Cuts Dividend

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