Janney Montgomery Scott LLC Buys 53,253 Shares of Franklin High Yield Corporate ETF $FLHY

Janney Montgomery Scott LLC lifted its position in Franklin High Yield Corporate ETF (BATS:FLHY) by 108.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,164 shares of the company’s stock after purchasing an additional 53,253 shares during the period. Janney Montgomery Scott LLC owned 0.39% of Franklin High Yield Corporate ETF worth $2,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Provenance Wealth Advisors LLC purchased a new stake in shares of Franklin High Yield Corporate ETF in the 1st quarter worth $19,873,000. Ameriprise Financial Inc. increased its stake in shares of Franklin High Yield Corporate ETF by 153.8% during the third quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock valued at $27,497,000 after buying an additional 679,295 shares during the period. Prentice Wealth Management LLC increased its stake in shares of 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 valued at $24,403,000 after buying an additional 424,952 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in shares of Franklin High Yield Corporate ETF in the fourth quarter valued at about $4,758,000. Finally, LPL Financial LLC raised its holdings in shares of Franklin High Yield Corporate ETF by 12.0% in the fourth quarter. LPL Financial LLC now owns 1,328,195 shares of the company’s stock valued at $32,428,000 after acquiring an additional 142,587 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Down 0.1%

BATS:FLHY opened at $24.19 on Thursday. Franklin High Yield Corporate ETF has a 1-year low of $23.82 and a 1-year high of $24.63. The company has a 50-day moving average of $24.25 and a 200 day moving average of $24.34.

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.