Franklin High Yield Corporate ETF $FLHY Stock: Prentice Wealth Management LLC Grows Holdings

Prentice Wealth Management LLC increased its stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 5.1% during the 3rd quarter, Holdings Channel reports. The fund owned 1,131,765 shares of the company’s stock after acquiring an additional 54,575 shares during the period. Franklin High Yield Corporate ETF comprises approximately 5.3% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Prentice Wealth Management LLC’s holdings in Franklin High Yield Corporate ETF were worth $26,489,000 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 FLHY. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Franklin High Yield Corporate ETF during the second quarter valued at about $877,000. Fifth Third Bancorp acquired a new stake in shares of Franklin High Yield Corporate ETF in the 1st quarter valued at about $502,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Franklin High Yield Corporate ETF in the 1st quarter valued at about $19,873,000. Van Hulzen Asset Management LLC acquired a new stake in shares of Franklin High Yield Corporate ETF in the 2nd quarter valued at about $597,000. Finally, Cetera Investment Advisers increased its position in Franklin High Yield Corporate ETF by 79.2% in the 1st quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after buying an additional 339,472 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Performance

Franklin High Yield Corporate ETF stock traded up $0.01 during midday trading on Tuesday, reaching $23.32. The stock had a trading volume of 125,808 shares, compared to its average volume of 290,028. The company has a fifty day moving average price of $23.81 and a two-hundred day moving average price of $24.09. Franklin High Yield Corporate ETF has a 12 month low of $23.14 and a 12 month high of $24.63.

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.