Envestnet Asset Management Inc. Increases Holdings in Franklin High Yield Corporate ETF $FLHY

Envestnet Asset Management Inc. lifted its stake in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 268.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 211,872 shares of the company’s stock after purchasing an additional 154,359 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Franklin High Yield Corporate ETF were worth $5,159,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in shares of Franklin High Yield Corporate ETF by 23.0% during the first quarter. PNC Financial Services Group Inc. now owns 17,671 shares of the company’s stock valued at $421,000 after buying an additional 3,309 shares during the period. LPL Financial LLC boosted its position in shares of Franklin High Yield Corporate ETF by 15.8% in the first quarter. LPL Financial LLC now owns 694,244 shares of the company’s stock valued at $16,544,000 after acquiring an additional 94,719 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Franklin High Yield Corporate ETF in the second quarter valued at approximately $220,000. CWM LLC grew its stake in Franklin High Yield Corporate ETF by 170.9% during the first quarter. CWM LLC now owns 20,093 shares of the company’s stock valued at $479,000 after acquiring an additional 12,677 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in Franklin High Yield Corporate ETF by 6.5% during the first quarter. Atria Wealth Solutions Inc. now owns 82,485 shares of the company’s stock valued at $1,966,000 after acquiring an additional 5,059 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Down 0.8%

Franklin High Yield Corporate ETF stock opened at $24.35 on Thursday. Franklin High Yield Corporate ETF has a 1-year low of $22.64 and a 1-year high of $24.53. The firm’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $24.21.

Franklin High Yield Corporate ETF Company 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.