Dynamic Advisor Solutions LLC Has $16.68 Million Stock Holdings in Franklin High Yield Corporate ETF $FLHY

Dynamic Advisor Solutions LLC lifted its stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 4.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 685,194 shares of the company’s stock after buying an additional 30,386 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Franklin High Yield Corporate ETF were worth $16,684,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of Franklin High Yield Corporate ETF by 59.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock worth $41,000 after buying an additional 650 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Franklin High Yield Corporate ETF by 43.0% during the 1st quarter. CENTRAL TRUST Co now owns 7,420 shares of the company’s stock worth $177,000 after buying an additional 2,231 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Franklin High Yield Corporate ETF by 38.1% during the 1st quarter. Assetmark Inc. now owns 8,341 shares of the company’s stock worth $199,000 after buying an additional 2,301 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Franklin High Yield Corporate ETF during the 4th quarter worth about $220,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Franklin High Yield Corporate ETF during the 1st quarter worth about $265,000.

Franklin High Yield Corporate ETF Stock Performance

BATS FLHY opened at $24.52 on Wednesday. The firm has a 50-day moving average of $24.29 and a 200-day moving average of $23.98. Franklin High Yield Corporate ETF has a 52-week low of $22.64 and a 52-week high of $24.53.

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.