Kovack Advisors Inc. grew its holdings in Franklin High Yield Corporate ETF (BATS:FLHY – Free Report) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 63,378 shares of the company’s stock after buying an additional 8,026 shares during the quarter. Kovack Advisors Inc.’s holdings in Franklin High Yield Corporate ETF were worth $1,543,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Franklin High Yield Corporate ETF by 23.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,671 shares of the company’s stock worth $421,000 after buying an additional 3,309 shares during the period. LPL Financial LLC lifted its holdings in Franklin High Yield Corporate ETF by 15.8% in the 1st quarter. LPL Financial LLC now owns 694,244 shares of the company’s stock worth $16,544,000 after buying an additional 94,719 shares during the period. Farther Finance Advisors LLC purchased a new stake in Franklin High Yield Corporate ETF in the 2nd quarter worth approximately $220,000. CWM LLC lifted its holdings in Franklin High Yield Corporate ETF by 170.9% in the 1st quarter. CWM LLC now owns 20,093 shares of the company’s stock worth $479,000 after buying an additional 12,677 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in Franklin High Yield Corporate ETF by 6.5% in the 1st quarter. Atria Wealth Solutions Inc. now owns 82,485 shares of the company’s stock worth $1,966,000 after buying an additional 5,059 shares during the period.
Franklin High Yield Corporate ETF Trading Down 0.3%
BATS FLHY opened at $24.46 on Friday. 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 50 day simple moving average of $24.43 and a two-hundred day simple moving average of $24.16.
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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