Kovack Advisors Inc. Grows Position in Franklin High Yield Corporate ETF (BATS:FLHY)

Kovack Advisors Inc. grew its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 32.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,923 shares of the company’s stock after purchasing an additional 11,347 shares during the period. Kovack Advisors Inc.’s holdings in Franklin High Yield Corporate ETF were worth $1,096,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FLHY. US Bancorp DE lifted 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 in the last quarter. Atria Investments Inc purchased a new position in shares of Franklin High Yield Corporate ETF in the 3rd quarter valued at $223,000. Stifel Financial Corp acquired a new position in shares of Franklin High Yield Corporate ETF during the 3rd quarter valued at $359,000. Fifth Third Securities Inc. purchased a new stake in Franklin High Yield Corporate ETF during the 4th quarter worth $416,000. Finally, Valmark Advisers Inc. increased its holdings in Franklin High Yield Corporate ETF by 5.5% in the 4th quarter. Valmark Advisers Inc. now owns 28,099 shares of the company’s stock valued at $671,000 after purchasing an additional 1,454 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Performance

BATS:FLHY opened at $24.16 on Friday. The firm has a 50 day moving average of $24.02 and a 200-day moving average of $24.13.

Franklin High Yield Corporate ETF Increases Dividend

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

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.