Franklin High Yield Corporate ETF (BATS:FLHY) Stake Lessened by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,626 shares of the company’s stock after selling 1,156 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.22% of Franklin High Yield Corporate ETF worth $1,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Franklin High Yield Corporate ETF during the 4th quarter valued at about $2,638,000. Ameriprise Financial Inc. boosted its holdings in Franklin High Yield Corporate ETF by 32.5% during the fourth quarter. Ameriprise Financial Inc. now owns 356,917 shares of the company’s stock worth $8,521,000 after buying an additional 87,575 shares in the last quarter. Cetera Investment Advisers grew its position in Franklin High Yield Corporate ETF by 57.1% in the fourth quarter. Cetera Investment Advisers now owns 219,891 shares of the company’s stock worth $5,249,000 after buying an additional 79,924 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Franklin High Yield Corporate ETF in the fourth quarter valued at $1,562,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Franklin High Yield Corporate ETF by 26.5% in the fourth quarter. Wells Fargo & Company MN now owns 233,752 shares of the company’s stock valued at $5,580,000 after buying an additional 48,990 shares in the last quarter.

Franklin High Yield Corporate ETF Trading Up 2.2%

Shares of BATS:FLHY opened at $24.33 on Tuesday. The stock has a fifty day moving average of $23.91 and a 200-day moving average of $23.88. Franklin High Yield Corporate ETF has a one year low of $22.64 and a one year high of $24.53.

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.