Franklin High Yield Corporate ETF (BATS:FLHY) is Cannon Wealth Management Services LLC’s 9th Largest Position

Cannon Wealth Management Services LLC lessened its holdings in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 16.6% in the 4th quarter, HoldingsChannel reports. The firm owned 184,639 shares of the company’s stock after selling 36,871 shares during the quarter. Franklin High Yield Corporate ETF makes up approximately 3.8% of Cannon Wealth Management Services LLC’s holdings, making the stock its 9th largest holding. Cannon Wealth Management Services LLC’s holdings in Franklin High Yield Corporate ETF were worth $4,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Valmark Advisers Inc. grew its position in Franklin High Yield Corporate ETF by 5.5% during the fourth quarter. Valmark Advisers Inc. now owns 28,099 shares of the company’s stock valued at $671,000 after buying an additional 1,454 shares during the period. US Bancorp DE grew its position in Franklin High Yield Corporate ETF by 126.3% during the third quarter. US Bancorp DE now owns 6,808 shares of the company’s stock valued at $166,000 after buying an additional 3,800 shares during the period. Atria Investments Inc acquired a new stake in Franklin High Yield Corporate ETF during the third quarter valued at $223,000. MML Investors Services LLC grew its position in Franklin High Yield Corporate ETF by 97.8% during the third quarter. MML Investors Services LLC now owns 29,015 shares of the company’s stock valued at $709,000 after buying an additional 14,348 shares during the period. Finally, Stifel Financial Corp acquired a new stake in Franklin High Yield Corporate ETF during the third quarter valued at $359,000.

Franklin High Yield Corporate ETF Trading Up 1.2 %

FLHY stock opened at $24.11 on Monday. The firm’s 50 day moving average price is $24.00 and its two-hundred day moving average price is $24.13.

Franklin High Yield Corporate ETF Increases Dividend

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

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.