Ocean Park Asset Management LLC Takes Position in Franklin High Yield Corporate ETF $FLHY

Ocean Park Asset Management LLC bought a new stake in Franklin High Yield Corporate ETF (BATS:FLHY) during the second quarter, Holdings Channel reports. The institutional investor bought 298,000 shares of the company’s stock, valued at approximately $7,238,000.

Several other hedge funds also recently bought and sold shares of the company. Provenance Wealth Advisors LLC bought a new stake in shares of Franklin High Yield Corporate ETF in the 1st quarter valued at approximately $19,873,000. Ameriprise Financial Inc. raised its position in 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 acquiring an additional 679,295 shares in the last quarter. Prentice Wealth Management LLC raised its position in 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 acquiring an additional 424,952 shares in the last quarter. Cetera Investment Advisers lifted its stake in Franklin High Yield Corporate ETF by 79.2% in the first quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after acquiring an additional 339,472 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Franklin High Yield Corporate ETF by 96,562.4% in the first quarter. Bank of America Corp DE now owns 144,027 shares of the company’s stock valued at $3,477,000 after acquiring an additional 143,878 shares during the last quarter.

Franklin High Yield Corporate ETF Trading Down 0.1%

Shares of BATS:FLHY opened at $24.11 on Wednesday. Franklin High Yield Corporate ETF has a 1 year low of $23.82 and a 1 year high of $24.63. The firm has a fifty day moving average price of $24.19 and a 200 day moving average price of $24.28.

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.