Franklin Resources Inc. Purchases 91,130 Shares of Franklin Systematic Style Premia ETF $FLSP

Franklin Resources Inc. raised its holdings in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 1.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,849,681 shares of the company’s stock after purchasing an additional 91,130 shares during the period. Franklin Resources Inc. owned 0.29% of Franklin Systematic Style Premia ETF worth $155,134,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FLSP. PFG Advisors boosted its stake in shares of Franklin Systematic Style Premia ETF by 13.8% during the third quarter. PFG Advisors now owns 58,362 shares of the company’s stock valued at $1,548,000 after purchasing an additional 7,091 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Franklin Systematic Style Premia ETF by 12.1% in the third quarter. PNC Financial Services Group Inc. now owns 1,179,936 shares of the company’s stock worth $31,292,000 after buying an additional 127,586 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Franklin Systematic Style Premia ETF by 11.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,182,125 shares of the company’s stock worth $31,350,000 after buying an additional 124,396 shares during the period. Cedar Point Capital Partners LLC boosted its position in Franklin Systematic Style Premia ETF by 9.1% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 53,434 shares of the company’s stock valued at $1,417,000 after acquiring an additional 4,478 shares in the last quarter. Finally, World Investment Advisors boosted its position in Franklin Systematic Style Premia ETF by 15.1% during the 3rd quarter. World Investment Advisors now owns 13,100 shares of the company’s stock valued at $347,000 after acquiring an additional 1,720 shares in the last quarter.

Franklin Systematic Style Premia ETF Trading Down 0.5%

Shares of NYSEARCA:FLSP opened at $27.08 on Friday. The company has a market capitalization of $580.87 million, a PE ratio of 18.32 and a beta of 0.01. Franklin Systematic Style Premia ETF has a 12-month low of $23.00 and a 12-month high of $27.89. The business’s fifty day simple moving average is $27.14 and its 200-day simple moving average is $26.72.

About Franklin Systematic Style Premia ETF

The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.