Franklin Resources Inc. Trims Stake in Franklin High Yield Corporate ETF $FLHY

Franklin Resources Inc. decreased its position in shares of Franklin High Yield Corporate ETF (BATS:FLHY – Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,773,464 shares of the company’s stock after selling 721,309 shares during the period. Franklin Resources Inc. owned about 0.41% of Franklin High Yield Corporate ETF worth $263,034,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Franklin High Yield Corporate ETF by 59.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock worth $41,000 after purchasing an additional 650 shares in the last quarter. US Bancorp DE boosted its position 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 purchasing an additional 1,585 shares in the last quarter. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 1,460 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Franklin High Yield Corporate ETF in the 3rd quarter worth approximately $196,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Franklin High Yield Corporate ETF by 352.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,847 shares of the company’s stock worth $264,000 after purchasing an additional 8,447 shares in the last quarter.

Franklin High Yield Corporate ETF Price Performance

Shares of FLHY opened at $24.19 on Wednesday. The business’s 50 day moving average price is $24.27 and its 200-day moving average price is $24.36. Franklin High Yield Corporate ETF has a 52 week low of $23.82 and a 52 week high of $24.63.

Franklin High Yield Corporate ETF Profile

(Free Report)

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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