Valmark Advisers Inc. reduced its holdings in Franklin High Yield Corporate ETF (BATS:FLHY – Free Report) by 5.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,645 shares of the company’s stock after selling 1,547 shares during the quarter. Valmark Advisers Inc.’s holdings in Franklin High Yield Corporate ETF were worth $651,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in FLHY. International Assets Investment Management LLC boosted its holdings in Franklin High Yield Corporate ETF by 0.5% in the second quarter. International Assets Investment Management LLC now owns 99,079 shares of the company’s stock valued at $2,349,000 after acquiring an additional 500 shares in the last quarter. Williams & Novak LLC lifted its position in shares of Franklin High Yield Corporate ETF by 19.0% in the 3rd quarter. Williams & Novak LLC now owns 16,012 shares of the company’s stock worth $391,000 after purchasing an additional 2,560 shares during the period. Traynor Capital Management Inc. bought a new stake in shares of Franklin High Yield Corporate ETF during the 2nd quarter valued at about $210,000. Diversified LLC purchased a new position in shares of Franklin High Yield Corporate ETF during the second quarter valued at about $211,000. Finally, PFG Advisors raised its stake in Franklin High Yield Corporate ETF by 16.8% in the third quarter. PFG Advisors now owns 110,248 shares of the company’s stock worth $2,695,000 after buying an additional 15,869 shares in the last quarter.
Franklin High Yield Corporate ETF Stock Down 0.1 %
Shares of FLHY opened at $24.17 on Thursday. The business has a 50 day moving average of $24.28 and a 200-day moving average of $23.91.
Franklin High Yield Corporate ETF Increases Dividend
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.
Further Reading
- Five stocks we like better than Franklin High Yield Corporate ETF
- ESG Stocks, What Investors Should Know
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- What is the S&P/TSX Index?
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Want to see what other hedge funds are holding FLHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin High Yield Corporate ETF (BATS:FLHY – Free Report).
Receive News & Ratings for Franklin High Yield Corporate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin High Yield Corporate ETF and related companies with MarketBeat.com's FREE daily email newsletter.