International Assets Investment Management LLC Sells 2,567,981 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

International Assets Investment Management LLC trimmed its stake in Franklin High Yield Corporate ETF (BATS:FLHY) by 96.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,875 shares of the company’s stock after selling 2,567,981 shares during the period. International Assets Investment Management LLC owned approximately 0.76% of Franklin High Yield Corporate ETF worth $2,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLHY. US Bancorp DE boosted its stake 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 worth $166,000 after buying an additional 3,800 shares during the period. Atria Investments Inc bought a new stake in shares of Franklin High Yield Corporate ETF in the 3rd quarter worth about $223,000. Stifel Financial Corp purchased a new position in shares of Franklin High Yield Corporate ETF during the 3rd quarter worth about $359,000. Williams & Novak LLC grew its holdings in Franklin High Yield Corporate ETF by 19.0% during the 3rd quarter. Williams & Novak LLC now owns 16,012 shares of the company’s stock valued at $391,000 after purchasing an additional 2,560 shares during the last quarter. Finally, Ocean Park Asset Management LLC purchased a new stake in Franklin High Yield Corporate ETF in the 2nd quarter worth about $545,000.

Franklin High Yield Corporate ETF Stock Up 0.2 %

Shares of BATS:FLHY opened at $23.94 on Thursday. The company’s 50-day simple moving average is $24.04 and its 200 day simple moving average is $24.08.

About Franklin High Yield Corporate ETF

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.