KWB Wealth Sells 235,294 Shares of Franklin Systematic Style Premia ETF $FLSP

KWB Wealth trimmed its position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 83.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 45,070 shares of the company’s stock after selling 235,294 shares during the period. KWB Wealth’s holdings in Franklin Systematic Style Premia ETF were worth $1,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in shares of Franklin Systematic Style Premia ETF by 2.6% during the first quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock worth $423,000 after purchasing an additional 434 shares in the last quarter. Jane Street Group LLC bought a new position in Franklin Systematic Style Premia ETF during the first quarter worth about $1,423,000. Cetera Investment Advisers grew its stake in Franklin Systematic Style Premia ETF by 9.3% in the second quarter. Cetera Investment Advisers now owns 92,370 shares of the company’s stock valued at $2,226,000 after acquiring an additional 7,849 shares during the period. Franklin Resources Inc. increased its holdings in shares of Franklin Systematic Style Premia ETF by 4.4% in the second quarter. Franklin Resources Inc. now owns 5,758,551 shares of the company’s stock worth $138,781,000 after acquiring an additional 243,422 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Franklin Systematic Style Premia ETF by 78.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 33,222 shares of the company’s stock worth $801,000 after purchasing an additional 14,623 shares during the period.

Franklin Systematic Style Premia ETF Stock Performance

Shares of FLSP opened at $26.67 on Tuesday. The stock has a 50 day simple moving average of $27.17 and a 200 day simple moving average of $26.82. Franklin Systematic Style Premia ETF has a 52-week low of $23.00 and a 52-week high of $27.89. The firm has a market capitalization of $572.07 million, a PE ratio of 18.32 and a beta of 0.01.

Franklin Systematic Style Premia ETF 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.