PNC Financial Services Group Inc. Acquires 5,657 Shares of Franklin High Yield Corporate ETF (BATS:FLHY)

PNC Financial Services Group Inc. increased its holdings in shares of Franklin High Yield Corporate ETF (BATS:FLHY) by 65.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,362 shares of the company’s stock after purchasing an additional 5,657 shares during the period. PNC Financial Services Group Inc. owned approximately 0.12% of Franklin High Yield Corporate ETF worth $343,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FLHY. Franklin Resources Inc. lifted its stake in Franklin High Yield Corporate ETF by 159.5% in the 3rd quarter. Franklin Resources Inc. now owns 14,234,711 shares of the company’s stock valued at $345,405,000 after acquiring an additional 8,748,894 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Franklin High Yield Corporate ETF by 11.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,548,089 shares of the company’s stock valued at $36,953,000 after acquiring an additional 160,137 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Franklin High Yield Corporate ETF in the 4th quarter valued at approximately $23,870,000. Prentice Wealth Management LLC lifted its stake in Franklin High Yield Corporate ETF by 4.7% in the 4th quarter. Prentice Wealth Management LLC now owns 744,584 shares of the company’s stock valued at $17,773,000 after acquiring an additional 33,292 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in Franklin High Yield Corporate ETF by 2.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 632,445 shares of the company’s stock valued at $15,096,000 after acquiring an additional 15,543 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Performance

BATS FLHY opened at $23.94 on Friday. Franklin High Yield Corporate ETF has a 52 week low of $23.18 and a 52 week high of $24.53. The stock’s 50 day moving average price is $24.04 and its two-hundred day moving average price is $24.11.

Franklin High Yield Corporate ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1193 per share. The ex-dividend date was Monday, March 3rd.

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.