40,587 Shares in Franklin High Yield Corporate ETF $FLHY Acquired by Tenzing Financial LLC

Tenzing Financial LLC bought a new position in Franklin High Yield Corporate ETF (BATS:FLHY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 40,587 shares of the company’s stock, valued at approximately $991,000. Franklin High Yield Corporate ETF makes up about 0.8% of Tenzing Financial LLC’s portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in Franklin High Yield Corporate ETF by 59.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock worth $41,000 after acquiring an additional 650 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Franklin High Yield Corporate ETF in the 4th quarter worth approximately $77,000. US Bancorp DE boosted its stake in Franklin High Yield Corporate ETF by 52.7% in the 3rd quarter. US Bancorp DE now owns 4,593 shares of the company’s stock worth $113,000 after purchasing an additional 1,585 shares during the period. Farther Finance Advisors LLC boosted its stake in Franklin High Yield Corporate ETF by 24.4% in the 4th quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock worth $182,000 after purchasing an additional 1,460 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in Franklin High Yield Corporate ETF in the 3rd quarter worth approximately $196,000.

Franklin High Yield Corporate ETF Stock Performance

FLHY stock opened at $24.24 on Monday. Franklin High Yield Corporate ETF has a 1-year low of $23.82 and a 1-year high of $24.63. The business has a 50 day simple moving average of $24.28 and a two-hundred day simple moving average of $24.36.

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.