Sovran Advisors LLC Purchases 27,741 Shares of Franklin High Yield Corporate ETF $FLHY

Sovran Advisors LLC boosted its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 39.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,873 shares of the company’s stock after acquiring an additional 27,741 shares during the quarter. Sovran Advisors LLC owned 0.38% of Franklin High Yield Corporate ETF worth $2,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in shares of Franklin High Yield Corporate ETF in the 2nd quarter valued at $26,000. Spire Wealth Management acquired a new stake in Franklin High Yield Corporate ETF in the second quarter valued at about $35,000. Geneos Wealth Management Inc. grew its position in Franklin High Yield Corporate ETF by 59.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after acquiring an additional 650 shares during the last quarter. Ascent Group LLC acquired a new position in Franklin High Yield Corporate ETF during the third quarter worth about $203,000. Finally, RFG Advisory LLC bought a new position in shares of Franklin High Yield Corporate ETF in the second quarter worth about $216,000.

Franklin High Yield Corporate ETF Stock Up 0.1%

Shares of Franklin High Yield Corporate ETF stock opened at $24.58 on Monday. The firm’s 50 day moving average is $24.43 and its 200 day moving average is $24.38. Franklin High Yield Corporate ETF has a 1 year low of $22.64 and a 1 year high of $24.53.

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.