Prentice Wealth Management LLC Acquires 33,292 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

Prentice Wealth Management LLC boosted its holdings in Franklin High Yield Corporate ETF (BATS:FLHY) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 744,584 shares of the company’s stock after acquiring an additional 33,292 shares during the quarter. Franklin High Yield Corporate ETF accounts for approximately 5.1% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Prentice Wealth Management LLC owned 0.06% of Franklin High Yield Corporate ETF worth $17,773,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. purchased a new stake in shares of Franklin High Yield Corporate ETF in the fourth quarter worth approximately $1,848,000. State of New Jersey Common Pension Fund D bought a new stake in Franklin High Yield Corporate ETF during the fourth quarter worth $23,870,000. Valmark Advisers Inc. grew its holdings 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 worth $671,000 after buying an additional 1,454 shares in the last quarter. Sovran Advisors LLC purchased a new stake in Franklin High Yield Corporate ETF in the 4th quarter valued at $2,071,000. Finally, Fifth Third Securities Inc. bought a new position in Franklin High Yield Corporate ETF during the 4th quarter valued at $416,000.

Franklin High Yield Corporate ETF Trading Up 1.2 %

FLHY opened at $24.11 on Friday. The business’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 issued a dividend of $0.1312 per share. The ex-dividend date was Monday, February 3rd. This is a boost 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.