First Trust Advisors LP Invests $3.32 Million in Franklin Systematic Style Premia ETF $FLSP

First Trust Advisors LP purchased a new stake in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 122,165 shares of the company’s stock, valued at approximately $3,323,000.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Franklin Systematic Style Premia ETF by 5.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,313,990 shares of the company’s stock worth $35,741,000 after buying an additional 69,466 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in Franklin Systematic Style Premia ETF during the 1st quarter worth $108,000. Assetmark Inc. raised its holdings in Franklin Systematic Style Premia ETF by 34,460.7% in the 1st quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock valued at $13,405,000 after acquiring an additional 491,409 shares in the last quarter. Dahring Cusmano LLC acquired a new position in Franklin Systematic Style Premia ETF in the 1st quarter valued at $326,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Franklin Systematic Style Premia ETF during the 1st quarter valued at $96,000.

Franklin Systematic Style Premia ETF Stock Performance

NYSEARCA:FLSP opened at $28.13 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a fifty-two week low of $24.99 and a fifty-two week high of $29.01. The stock has a fifty day moving average price of $27.64 and a 200-day moving average price of $27.34.

Franklin Systematic Style Premia ETF Company Profile

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.