Franklin High Yield Corporate ETF (BATS:FLHY) Declares Dividend of $0.13

Franklin High Yield Corporate ETF (BATS:FLHY) announced a dividend on Thursday, March 28th, NASDAQ reports. Shareholders of record on Tuesday, April 2nd will be paid a dividend of 0.1252 per share on Friday, April 5th. The ex-dividend date is Monday, April 1st. This is a boost from Franklin High Yield Corporate ETF’s previous dividend of $0.12.

Franklin High Yield Corporate ETF Stock Performance

Shares of BATS FLHY traded down $0.03 during midday trading on Friday, hitting $23.73. The company’s stock had a trading volume of 70,449 shares. The company’s 50-day moving average price is $23.54 and its two-hundred day moving average price is $23.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in shares of Franklin High Yield Corporate ETF by 108.5% in the first quarter. Jane Street Group LLC now owns 207,177 shares of the company’s stock valued at $4,738,000 after purchasing an additional 107,793 shares during the period. Royal Bank of Canada boosted its stake in shares of Franklin High Yield Corporate ETF by 1,147.7% in the fourth quarter. Royal Bank of Canada now owns 124,200 shares of the company’s stock valued at $2,911,000 after purchasing an additional 114,246 shares during the period. LPL Financial LLC boosted its stake in shares of Franklin High Yield Corporate ETF by 16.5% in the first quarter. LPL Financial LLC now owns 92,013 shares of the company’s stock valued at $2,104,000 after purchasing an additional 13,051 shares during the period. Citadel Advisors LLC boosted its stake in shares of Franklin High Yield Corporate ETF by 40.2% in the fourth quarter. Citadel Advisors LLC now owns 57,392 shares of the company’s stock valued at $1,345,000 after purchasing an additional 16,467 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Franklin High Yield Corporate ETF by 48.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,348 shares of the company’s stock worth $711,000 after acquiring an additional 9,958 shares during the last quarter.

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.