Tenzing Financial LLC Takes Position in Franklin High Yield Corporate ETF $FLHY

Tenzing Financial LLC purchased a new stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,587 shares of the company’s stock, valued at approximately $991,000. Franklin High Yield Corporate ETF comprises about 0.8% of Tenzing Financial LLC’s investment portfolio, making the stock its 28th biggest holding. Tenzing Financial LLC owned approximately 0.15% of Franklin High Yield Corporate ETF as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in Franklin High Yield Corporate ETF by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,882,471 shares of the company’s stock worth $45,961,000 after acquiring an additional 64,670 shares in the last quarter. LPL Financial LLC increased its holdings in Franklin High Yield Corporate ETF by 12.0% in the 4th quarter. LPL Financial LLC now owns 1,328,195 shares of the company’s stock worth $32,428,000 after acquiring an additional 142,587 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Franklin High Yield Corporate ETF by 153.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock worth $27,497,000 after acquiring an additional 679,295 shares in the last quarter. Assetmark Inc. increased its holdings in Franklin High Yield Corporate ETF by 5.4% in the 4th quarter. Assetmark Inc. now owns 832,848 shares of the company’s stock worth $20,334,000 after acquiring an additional 42,330 shares in the last quarter. Finally, Prentice Wealth Management LLC increased its holdings in Franklin High Yield Corporate ETF by 10.9% in the 4th quarter. Prentice Wealth Management LLC now owns 585,945 shares of the company’s stock worth $14,306,000 after acquiring an additional 57,826 shares in the last quarter.

Franklin High Yield Corporate ETF Price Performance

Franklin High Yield Corporate ETF stock opened at $24.24 on Monday. The firm has a 50 day moving average of $24.28 and a 200 day moving average of $24.36. Franklin High Yield Corporate ETF has a 12-month low of $23.82 and a 12-month high of $24.63.

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.