Franklin Resources Inc. raised its holdings in Franklin High Yield Corporate ETF (BATS:FLHY – Free Report) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,863,005 shares of the company’s stock after purchasing an additional 244,870 shares during the quarter. Franklin Resources Inc. owned about 52.61% of Franklin High Yield Corporate ETF worth $337,564,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in FLHY. PNC Financial Services Group Inc. grew its stake in shares of Franklin High Yield Corporate ETF by 23.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,671 shares of the company’s stock valued at $421,000 after purchasing an additional 3,309 shares during the last quarter. LPL Financial LLC raised its stake in shares of Franklin High Yield Corporate ETF by 15.8% during the first quarter. LPL Financial LLC now owns 694,244 shares of the company’s stock worth $16,544,000 after purchasing an additional 94,719 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Franklin High Yield Corporate ETF during the second quarter worth $220,000. CWM LLC grew its position in Franklin High Yield Corporate ETF by 170.9% in the 1st quarter. CWM LLC now owns 20,093 shares of the company’s stock valued at $479,000 after buying an additional 12,677 shares during the last quarter. Finally, MGO One Seven LLC purchased a new position in Franklin High Yield Corporate ETF in the 2nd quarter valued at $375,000.
Franklin High Yield Corporate ETF Stock Performance
Shares of Franklin High Yield Corporate ETF stock opened at $24.29 on Friday. Franklin High Yield Corporate ETF has a one year low of $22.64 and a one year high of $24.53. The firm has a fifty day moving average of $24.39 and a two-hundred day moving average of $24.23.
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.
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