US Bancorp DE Buys 3,800 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

US Bancorp DE increased its stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 126.3% in the third quarter, Holdings Channel.com reports. The fund owned 6,808 shares of the company’s stock after purchasing an additional 3,800 shares during the period. US Bancorp DE’s holdings in Franklin High Yield Corporate ETF were worth $166,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in Franklin High Yield Corporate ETF by 2,580.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,655,856 shares of the company’s stock worth $64,922,000 after purchasing an additional 2,556,777 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Franklin High Yield Corporate ETF in the second quarter worth about $28,159,000. Prentice Wealth Management LLC lifted its position in shares of Franklin High Yield Corporate ETF by 4.1% in the third quarter. Prentice Wealth Management LLC now owns 711,292 shares of the company’s stock worth $17,388,000 after buying an additional 28,088 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Franklin High Yield Corporate ETF by 19.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 616,902 shares of the company’s stock valued at $15,080,000 after buying an additional 102,361 shares during the last quarter. Finally, PFG Advisors grew its holdings in Franklin High Yield Corporate ETF by 16.8% during the 3rd quarter. PFG Advisors now owns 110,248 shares of the company’s stock valued at $2,695,000 after buying an additional 15,869 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Performance

BATS:FLHY opened at $24.06 on Friday. The business has a 50-day moving average price of $24.24 and a 200 day moving average price of $23.96.

Franklin High Yield Corporate ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1243 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change from Franklin High Yield Corporate ETF’s previous dividend of $0.11.

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.