Diversify Advisory Services LLC Buys New Shares in Franklin High Yield Corporate ETF $FLHY

Diversify Advisory Services LLC bought a new position in Franklin High Yield Corporate ETF (BATS:FLHY) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 47,624 shares of the company’s stock, valued at approximately $1,170,000. Diversify Advisory Services LLC owned 0.18% of Franklin High Yield Corporate ETF as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in shares of Franklin High Yield Corporate ETF by 153.8% during the third quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock valued at $27,497,000 after buying an additional 679,295 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of Franklin High Yield Corporate ETF in the fourth quarter worth about $4,758,000. Assetmark Inc. lifted its stake in shares of Franklin High Yield Corporate ETF by 16.2% in the 3rd quarter. Assetmark Inc. now owns 790,518 shares of the company’s stock valued at $19,391,000 after acquiring an additional 110,362 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Franklin High Yield Corporate ETF in the 3rd quarter valued at about $1,805,000. Finally, Smartleaf Asset Management LLC purchased a new stake in Franklin High Yield Corporate ETF during the 3rd quarter valued at about $1,144,000.

Franklin High Yield Corporate ETF Stock Performance

FLHY opened at $24.26 on Monday. The stock’s 50 day simple moving average is $24.31 and its 200 day simple moving average is $24.38. Franklin High Yield Corporate ETF has a 1 year low of $22.99 and a 1 year 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.