Kovack Advisors Inc. Takes $567,000 Position in Franklin High Yield Corporate ETF (BATS:FLHY)

Kovack Advisors Inc. bought a new position in shares of Franklin High Yield Corporate ETF (BATS:FLHY) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 23,913 shares of the company’s stock, valued at approximately $567,000. Kovack Advisors Inc. owned 0.25% of Franklin High Yield Corporate ETF at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in shares of Franklin High Yield Corporate ETF by 1,980.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,905,766 shares of the company’s stock valued at $44,671,000 after purchasing an additional 1,814,152 shares during the period. Prentice Wealth Management LLC raised its stake in shares of Franklin High Yield Corporate ETF by 5.1% in the 1st quarter. Prentice Wealth Management LLC now owns 621,697 shares of the company’s stock valued at $14,753,000 after buying an additional 29,946 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Franklin High Yield Corporate ETF during the 4th quarter worth about $1,871,000. Advisors Asset Management Inc. raised its position in Franklin High Yield Corporate ETF by 37.2% in the third quarter. Advisors Asset Management Inc. now owns 19,251 shares of the company’s stock worth $433,000 after purchasing an additional 5,224 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in Franklin High Yield Corporate ETF by 11.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 18,114 shares of the company’s stock worth $425,000 after purchasing an additional 1,832 shares during the period.

Franklin High Yield Corporate ETF Trading Up 0.2 %

BATS FLHY traded up $0.05 during trading on Thursday, reaching $23.71. 11,691 shares of the company traded hands. The stock has a fifty day moving average price of $23.62 and a 200 day moving average price of $23.54.

Franklin High Yield Corporate ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be given a $0.1137 dividend. The ex-dividend date is Monday, July 1st.

Franklin High Yield Corporate ETF Company 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.