Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Raises Dividend to $0.32 Per Share

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) declared a monthly dividend on Tuesday, June 30th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.3162 per share on Tuesday, July 7th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Wednesday, July 1st. This is a 1.4% increase from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31.

Franklin ClearBridge Enhanced Income ETF Stock Up 0.3%

Shares of Franklin ClearBridge Enhanced Income ETF stock opened at $55.70 on Wednesday. The company has a market cap of $153.18 million, a price-to-earnings ratio of 21.02 and a beta of 0.77. The company’s 50 day moving average is $55.51 and its 200 day moving average is $55.37. Franklin ClearBridge Enhanced Income ETF has a twelve month low of $49.40 and a twelve month high of $58.77.

Hedge Funds Weigh In On Franklin ClearBridge Enhanced Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of YLDE. Advisory Services Network LLC boosted its stake in shares of Franklin ClearBridge Enhanced Income ETF by 12.7% in the 4th quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock worth $450,000 after buying an additional 938 shares during the last quarter. D.A. Davidson & CO. increased its position in Franklin ClearBridge Enhanced Income ETF by 20.0% during the fourth quarter. D.A. Davidson & CO. now owns 9,198 shares of the company’s stock valued at $498,000 after acquiring an additional 1,530 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Franklin ClearBridge Enhanced Income ETF by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock valued at $527,000 after acquiring an additional 245 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Franklin ClearBridge Enhanced Income ETF by 7.3% in the fourth quarter. TD Private Client Wealth LLC now owns 12,406 shares of the company’s stock valued at $672,000 after acquiring an additional 841 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in Franklin ClearBridge Enhanced Income ETF by 9.1% in the fourth quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock valued at $781,000 after acquiring an additional 1,200 shares during the period.

About Franklin ClearBridge Enhanced Income ETF

The ClearBridge Dividend Strategy ESG ETF (YLDE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund is an actively managed fund that seeks income, growth of income, and long-term capital appreciation. The fund focuses on global large-cap stocks with attractive dividends and positive ESG attributes. YLDE was launched on May 22, 2017 and is managed by Franklin Templeton.