Royal Bank of Canada Decreases Holdings in Franklin High Yield Corporate ETF $FLHY

Royal Bank of Canada trimmed its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 67.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,990 shares of the company’s stock after selling 61,684 shares during the period. Royal Bank of Canada owned approximately 0.11% of Franklin High Yield Corporate ETF worth $723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its position in shares of Franklin High Yield Corporate ETF by 74.6% during the fourth quarter. CWM LLC now owns 68,856 shares of the company’s stock worth $1,681,000 after purchasing an additional 29,414 shares in the last quarter. Tenzing Financial LLC acquired a new stake in shares of Franklin High Yield Corporate ETF in the 4th quarter worth $991,000. Fifth Third Bancorp acquired a new stake in shares of Franklin High Yield Corporate ETF in the 1st quarter worth $502,000. Cetera Investment Advisers grew its stake in Franklin High Yield Corporate ETF by 79.2% during the 1st quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock worth $18,537,000 after buying an additional 339,472 shares during the last quarter. Finally, Prentice Wealth Management LLC grew its stake in Franklin High Yield Corporate ETF by 72.5% during the 1st quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock worth $24,403,000 after buying an additional 424,952 shares during the last quarter.

Franklin High Yield Corporate ETF Stock Down 0.0%

Shares of BATS:FLHY opened at $24.18 on Monday. The business’s 50-day moving average is $24.18 and its 200 day moving average is $24.26. Franklin High Yield Corporate ETF has a 1 year low of $23.82 and a 1 year high of $24.63.

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.