LPL Financial LLC Raises Stock Holdings in Franklin High Yield Corporate ETF (BATS:FLHY)

LPL Financial LLC lifted its stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 15.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 694,244 shares of the company’s stock after acquiring an additional 94,719 shares during the period. LPL Financial LLC owned 2.86% of Franklin High Yield Corporate ETF worth $16,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLHY. Citadel Advisors LLC purchased a new position in Franklin High Yield Corporate ETF in the 4th quarter valued at about $1,562,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Franklin High Yield Corporate ETF in the fourth quarter valued at approximately $1,355,000. CWM LLC lifted its stake in shares of Franklin High Yield Corporate ETF by 170.9% during the first 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 period. Commonwealth Equity Services LLC boosted its position in Franklin High Yield Corporate ETF by 9.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,936 shares of the company’s stock worth $333,000 after acquiring an additional 1,158 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Franklin High Yield Corporate ETF by 26.5% in the 4th quarter. Wells Fargo & Company MN now owns 233,752 shares of the company’s stock worth $5,580,000 after acquiring an additional 48,990 shares during the period.

Franklin High Yield Corporate ETF Trading Up 1.7%

Shares of FLHY opened at $24.22 on Wednesday. Franklin High Yield Corporate ETF has a fifty-two week low of $22.64 and a fifty-two week high of $24.53. The stock has a fifty day moving average of $24.14 and a two-hundred day moving average of $23.93.

Franklin High Yield Corporate ETF Company 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.