Dynamic Advisor Solutions LLC Boosts Stock Position in Franklin High Yield Corporate ETF (BATS:FLHY)

Dynamic Advisor Solutions LLC lifted its stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 632,445 shares of the company’s stock after acquiring an additional 15,543 shares during the quarter. Dynamic Advisor Solutions LLC owned approximately 5.48% of Franklin High Yield Corporate ETF worth $15,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of Franklin High Yield Corporate ETF in the third quarter valued at about $995,000. Atria Investments Inc purchased a new position in Franklin High Yield Corporate ETF in the 3rd quarter worth approximately $223,000. Stifel Financial Corp bought a new position in Franklin High Yield Corporate ETF in the 3rd quarter worth approximately $359,000. US Bancorp DE grew its holdings in Franklin High Yield Corporate ETF by 126.3% during the 3rd quarter. US Bancorp DE now owns 6,808 shares of the company’s stock valued at $166,000 after buying an additional 3,800 shares in the last quarter. Finally, PFG Advisors raised its position in shares of Franklin High Yield Corporate ETF by 16.8% during the third quarter. PFG Advisors now owns 110,248 shares of the company’s stock valued at $2,695,000 after buying an additional 15,869 shares during the last quarter.

Franklin High Yield Corporate ETF Trading Up 1.4 %

FLHY stock opened at $24.16 on Friday. The stock has a 50 day moving average of $24.02 and a two-hundred day moving average of $24.10.

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.