Prentice Wealth Management LLC grew its position in Franklin High Yield Corporate ETF (BATS:FLHY – Free Report) by 72.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,010,897 shares of the company’s stock after acquiring an additional 424,952 shares during the quarter. Franklin High Yield Corporate ETF comprises 5.5% of Prentice Wealth Management LLC’s holdings, making the stock its 5th largest position. Prentice Wealth Management LLC owned 3.84% of Franklin High Yield Corporate ETF worth $24,403,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in FLHY. World Investment Advisors purchased a new stake in shares of Franklin High Yield Corporate ETF during the fourth quarter worth approximately $377,000. Onyx Bridge Wealth Group LLC purchased a new position in Franklin High Yield Corporate ETF in the 4th quarter valued at $363,000. Cetera Investment Advisers boosted its stake in Franklin High Yield Corporate ETF by 10.6% during the 4th quarter. Cetera Investment Advisers now owns 428,410 shares of the company’s stock worth $10,460,000 after purchasing an additional 41,201 shares during the last quarter. Kovack Advisors Inc. grew its holdings in shares of Franklin High Yield Corporate ETF by 14.6% during the fourth quarter. Kovack Advisors Inc. now owns 63,193 shares of the company’s stock worth $1,543,000 after buying an additional 8,066 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Franklin High Yield Corporate ETF by 34.0% during the fourth quarter. Royal Bank of Canada now owns 91,674 shares of the company’s stock worth $2,238,000 after buying an additional 23,281 shares in the last quarter.
Franklin High Yield Corporate ETF Trading Down 0.1%
Shares of BATS FLHY opened at $24.25 on Wednesday. The firm has a 50-day simple moving average of $24.29 and a 200-day simple moving average of $24.35. Franklin High Yield Corporate ETF has a 52 week low of $23.82 and a 52 week 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.
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