PNC Financial Services Group Inc. Raises Holdings in Franklin Systematic Style Premia ETF $FLSP

PNC Financial Services Group Inc. grew its position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,244,524 shares of the company’s stock after buying an additional 64,588 shares during the quarter. PNC Financial Services Group Inc. owned 5.80% of Franklin Systematic Style Premia ETF worth $33,490,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Franklin Systematic Style Premia ETF by 2.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock worth $423,000 after buying an additional 434 shares during the period. National Bank of Canada FI purchased a new stake in shares of Franklin Systematic Style Premia ETF during the 3rd quarter worth $27,000. Assetmark Inc. lifted its stake in shares of Franklin Systematic Style Premia ETF by 1,558.1% during the 4th quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock worth $38,000 after purchasing an additional 1,340 shares during the last quarter. PFG Advisors lifted its stake in shares of Franklin Systematic Style Premia ETF by 3.4% during the 4th quarter. PFG Advisors now owns 60,371 shares of the company’s stock worth $1,625,000 after purchasing an additional 2,009 shares during the last quarter. Finally, Brio Consultants LLC lifted its stake in shares of Franklin Systematic Style Premia ETF by 22.7% during the 4th quarter. Brio Consultants LLC now owns 22,290 shares of the company’s stock worth $600,000 after purchasing an additional 4,120 shares during the last quarter.

Franklin Systematic Style Premia ETF Price Performance

Shares of NYSEARCA FLSP opened at $27.20 on Friday. The stock has a market capitalization of $742.56 million, a P/E ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 1-year low of $23.90 and a 1-year high of $27.89. The business has a fifty day moving average price of $27.14 and a 200 day moving average price of $27.10.

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.