63,307 Shares in Franklin High Yield Corporate ETF (BATS:FLHY) Acquired by Winebrenner Capital Management LLC

Winebrenner Capital Management LLC purchased a new stake in Franklin High Yield Corporate ETF (BATS:FLHY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,307 shares of the company’s stock, valued at approximately $1,511,000. Franklin High Yield Corporate ETF accounts for 1.2% of Winebrenner Capital Management LLC’s portfolio, making the stock its 23rd largest position. Winebrenner Capital Management LLC owned 0.55% of Franklin High Yield Corporate ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FLHY. US Bancorp DE boosted its holdings in shares of 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 worth $166,000 after acquiring an additional 3,800 shares during the period. Atria Investments Inc acquired a new stake in Franklin High Yield Corporate ETF during the 3rd quarter worth approximately $223,000. Stifel Financial Corp bought a new stake in Franklin High Yield Corporate ETF in the 3rd quarter valued at $359,000. Fifth Third Securities Inc. acquired a new position in Franklin High Yield Corporate ETF in the 4th quarter valued at $416,000. Finally, Valmark Advisers Inc. increased its position in Franklin High Yield Corporate ETF by 5.5% during the 4th quarter. Valmark Advisers Inc. now owns 28,099 shares of the company’s stock worth $671,000 after buying an additional 1,454 shares during the period.

Franklin High Yield Corporate ETF Price Performance

Shares of Franklin High Yield Corporate ETF stock opened at $24.11 on Friday. The company has a 50-day simple moving average of $24.00 and a 200-day simple moving average of $24.13.

Franklin High Yield Corporate ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.1312 dividend. The ex-dividend date was Monday, February 3rd. This is an increase 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.