PFG Advisors Grows Stock Position in Franklin High Yield Corporate ETF $FLHY

PFG Advisors grew its position in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,590 shares of the company’s stock after buying an additional 9,075 shares during the period. PFG Advisors owned 0.55% of Franklin High Yield Corporate ETF worth $3,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings in Franklin High Yield Corporate ETF by 59.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after purchasing an additional 650 shares during the last quarter. Atria Investments Inc grew its stake in Franklin High Yield Corporate ETF by 8.8% during the second quarter. Atria Investments Inc now owns 12,519 shares of the company’s stock valued at $305,000 after acquiring an additional 1,014 shares in the last quarter. Rossby Financial LCC bought a new position in Franklin High Yield Corporate ETF in the 2nd quarter worth about $26,000. Spire Wealth Management purchased a new position in shares of Franklin High Yield Corporate ETF during the second quarter worth about $35,000. Finally, Valmark Advisers Inc. increased its position in shares of Franklin High Yield Corporate ETF by 5.8% in the second quarter. Valmark Advisers Inc. now owns 28,765 shares of the company’s stock worth $700,000 after purchasing an additional 1,566 shares during the last quarter.

Franklin High Yield Corporate ETF Stock Down 1.1%

Shares of FLHY opened at $24.27 on Monday. Franklin High Yield Corporate ETF has a 1-year low of $22.64 and a 1-year high of $24.53. The firm’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $24.20.

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.