MML Investors Services LLC Boosts Holdings in Franklin High Yield Corporate ETF (BATS:FLHY)

MML Investors Services LLC grew its position in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 97.8% in the third quarter, Holdings Channel reports. The firm owned 29,015 shares of the company’s stock after purchasing an additional 14,348 shares during the period. MML Investors Services LLC’s holdings in Franklin High Yield Corporate ETF were worth $709,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Franklin High Yield Corporate ETF by 0.5% during the second quarter. International Assets Investment Management LLC now owns 99,079 shares of the company’s stock valued at $2,349,000 after purchasing an additional 500 shares during the last quarter. Valmark Advisers Inc. grew its position in Franklin High Yield Corporate ETF by 6.3% in the second quarter. Valmark Advisers Inc. now owns 28,192 shares of the company’s stock worth $668,000 after acquiring an additional 1,669 shares in the last quarter. Williams & Novak LLC increased its stake in Franklin High Yield Corporate ETF by 19.0% in the third quarter. Williams & Novak LLC now owns 16,012 shares of the company’s stock valued at $391,000 after acquiring an additional 2,560 shares during the last quarter. US Bancorp DE raised its position in Franklin High Yield Corporate ETF by 126.3% during the third quarter. US Bancorp DE now owns 6,808 shares of the company’s stock valued at $166,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Atria Investments Inc bought a new stake in Franklin High Yield Corporate ETF during the third quarter worth about $223,000.

Franklin High Yield Corporate ETF Stock Performance

Shares of Franklin High Yield Corporate ETF stock opened at $23.82 on Friday. The firm’s 50 day moving average price is $24.12 and its 200-day moving average price is $24.06.

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.