Provenance Wealth Advisors LLC Invests $19.87 Million in Franklin High Yield Corporate ETF $FLHY

Provenance Wealth Advisors LLC bought a new stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 823,220 shares of the company’s stock, valued at approximately $19,873,000. Franklin High Yield Corporate ETF comprises approximately 2.1% of Provenance Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding.

Several other large investors have also recently added to or reduced their stakes in FLHY. CENTRAL TRUST Co increased its stake in Franklin High Yield Corporate ETF by 11.1% in the first quarter. CENTRAL TRUST Co now owns 21,394 shares of the company’s stock valued at $516,000 after acquiring an additional 2,140 shares during the period. Prentice Wealth Management LLC lifted its stake in Franklin High Yield Corporate ETF by 72.5% during the first quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock worth $24,403,000 after purchasing an additional 424,952 shares during the period. World Investment Advisors acquired a new stake in Franklin High Yield Corporate ETF during the fourth quarter valued at approximately $377,000. Onyx Bridge Wealth Group LLC acquired a new stake in Franklin High Yield Corporate ETF during the fourth quarter valued at approximately $363,000. Finally, Cetera Investment Advisers grew its stake in shares of Franklin High Yield Corporate ETF by 10.6% in the 4th quarter. Cetera Investment Advisers now owns 428,410 shares of the company’s stock valued at $10,460,000 after purchasing an additional 41,201 shares during the period.

Franklin High Yield Corporate ETF Stock Performance

Shares of BATS:FLHY opened at $24.25 on Thursday. The business’s fifty day moving average price is $24.29 and its two-hundred day moving average price is $24.35. Franklin High Yield Corporate ETF has a fifty-two week low of $23.82 and a fifty-two week 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.