Winebrenner Capital Management LLC Takes $1.51 Million Position in Franklin High Yield Corporate ETF (BATS:FLHY)

Winebrenner Capital Management LLC purchased a new position 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 (SEC). The firm 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 investment portfolio, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLHY. US Bancorp DE increased its holdings in Franklin High Yield Corporate ETF by 126.3% in the 3rd 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 during the period. Atria Investments Inc acquired a new stake in shares of Franklin High Yield Corporate ETF during the 3rd quarter worth approximately $223,000. Stifel Financial Corp bought a new position in Franklin High Yield Corporate ETF in the third quarter valued at approximately $359,000. Fifth Third Securities Inc. acquired a new position in Franklin High Yield Corporate ETF during the fourth quarter valued at approximately $416,000. Finally, Valmark Advisers Inc. lifted its stake 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 purchasing an additional 1,454 shares during the last quarter.

Franklin High Yield Corporate ETF Stock Performance

Shares of FLHY stock opened at $24.11 on Friday. The firm has a fifty day simple moving average of $24.00 and a two-hundred 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. Investors of record on Monday, February 3rd were paid a $0.1312 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Franklin High Yield Corporate ETF’s previous dividend of $0.12.

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.