Prentice Wealth Management LLC Buys 424,952 Shares of Franklin High Yield Corporate ETF $FLHY

Prentice Wealth Management LLC grew its stake in Franklin High Yield Corporate ETF (BATS:FLHY) by 72.5% in the first quarter, Holdings Channel.com reports. The firm 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 makes up approximately 5.5% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Prentice Wealth Management LLC’s holdings in Franklin High Yield Corporate ETF were worth $24,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FLHY. Geneos Wealth Management Inc. boosted its stake in Franklin High Yield Corporate ETF by 59.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock worth $41,000 after buying an additional 650 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Franklin High Yield Corporate ETF in the 4th quarter valued at $77,000. US Bancorp DE increased its stake in shares of Franklin High Yield Corporate ETF by 52.7% in the 3rd quarter. US Bancorp DE now owns 4,593 shares of the company’s stock worth $113,000 after acquiring an additional 1,585 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Franklin High Yield Corporate ETF by 24.4% in the 4th quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock worth $182,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Franklin High Yield Corporate ETF during the 3rd quarter worth $196,000.

Franklin High Yield Corporate ETF Price Performance

Shares of FLHY stock opened at $24.25 on Wednesday. The company’s 50-day moving average price is $24.29 and its 200-day moving average price is $24.35. Franklin High Yield Corporate ETF has a twelve month low of $23.82 and a twelve 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.