PNC Financial Services Group Inc. Acquires 3,309 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

PNC Financial Services Group Inc. lifted its holdings in Franklin High Yield Corporate ETF (BATS:FLHY) by 23.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,671 shares of the company’s stock after purchasing an additional 3,309 shares during the quarter. PNC Financial Services Group Inc. owned 0.07% of Franklin High Yield Corporate ETF worth $421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLHY. Raymond James Financial Inc. bought a new stake in Franklin High Yield Corporate ETF during the fourth quarter worth $2,638,000. LPL Financial LLC grew its stake in shares of Franklin High Yield Corporate ETF by 15.8% in the first quarter. LPL Financial LLC now owns 694,244 shares of the company’s stock valued at $16,544,000 after acquiring an additional 94,719 shares in the last quarter. Ameriprise Financial Inc. lifted its position 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 purchasing an additional 87,575 shares during the period. Cetera Investment Advisers lifted its position in Franklin High Yield Corporate ETF by 57.1% during the fourth quarter. Cetera Investment Advisers now owns 219,891 shares of the company’s stock worth $5,249,000 after purchasing an additional 79,924 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Franklin High Yield Corporate ETF in the fourth quarter worth about $1,562,000.

Franklin High Yield Corporate ETF Price Performance

FLHY stock opened at $24.27 on Friday. The firm has a 50-day moving average price of $24.18 and a 200-day moving average price of $23.94. Franklin High Yield Corporate ETF has a 12 month low of $22.64 and a 12 month 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.