Sequent Planning LLC Buys Shares of 28,958 Franklin High Yield Corporate ETF $FLHY

Sequent Planning LLC acquired a new stake in Franklin High Yield Corporate ETF (BATS:FLHY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,958 shares of the company’s stock, valued at approximately $710,000.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. raised its position in Franklin High Yield Corporate ETF by 1.8% in the second quarter. Franklin Resources Inc. now owns 13,863,005 shares of the company’s stock worth $337,564,000 after acquiring an additional 244,870 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Franklin High Yield Corporate ETF by 2.4% in the third quarter. Hantz Financial Services Inc. now owns 1,817,801 shares of the company’s stock valued at $44,591,000 after purchasing an additional 42,991 shares during the last quarter. Assetmark Inc. grew its holdings in Franklin High Yield Corporate ETF by 16.2% during the 3rd quarter. Assetmark Inc. now owns 790,518 shares of the company’s stock valued at $19,391,000 after buying an additional 110,362 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Franklin High Yield Corporate ETF by 2.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 701,024 shares of the company’s stock worth $17,196,000 after purchasing an additional 15,830 shares in the last quarter. Finally, Prentice Wealth Management LLC grew its holdings in shares of Franklin High Yield Corporate ETF by 2.5% during the third quarter. Prentice Wealth Management LLC now owns 528,119 shares of the company’s stock worth $12,955,000 after buying an additional 13,035 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Performance

FLHY stock opened at $24.20 on Friday. Franklin High Yield Corporate ETF has a 52-week low of $22.64 and a 52-week high of $24.63. The stock’s fifty day simple moving average is $24.50 and its 200-day simple moving average is $24.43.

Franklin High Yield Corporate ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1147 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

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.