Franklin Resources Inc. Increases Stock Holdings in Franklin Systematic Style Premia ETF $FLSP

Franklin Resources Inc. increased its holdings in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,969,526 shares of the company’s stock after purchasing an additional 1,119,845 shares during the period. Franklin Resources Inc. owned 32.49% of Franklin Systematic Style Premia ETF worth $187,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of Franklin Systematic Style Premia ETF by 11.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,182,125 shares of the company’s stock valued at $31,350,000 after purchasing an additional 124,396 shares during the period. Tredje AP fonden grew its position in shares of Franklin Systematic Style Premia ETF by 101.3% in the fourth quarter. Tredje AP fonden now owns 8,050,000 shares of the company’s stock valued at $216,626,000 after purchasing an additional 4,050,000 shares during the period. AIFG Consultants Ltd. purchased a new stake in shares of Franklin Systematic Style Premia ETF in the fourth quarter valued at $2,023,000. PNC Financial Services Group Inc. grew its position in shares of Franklin Systematic Style Premia ETF by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,244,524 shares of the company’s stock valued at $33,490,000 after purchasing an additional 64,588 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Franklin Systematic Style Premia ETF in the second quarter valued at $117,000.

Franklin Systematic Style Premia ETF Stock Down 0.1%

Shares of NYSEARCA:FLSP opened at $27.44 on Wednesday. The business has a fifty day simple moving average of $27.22 and a 200-day simple moving average of $27.14. Franklin Systematic Style Premia ETF has a 52 week low of $23.90 and a 52 week high of $27.89. The company has a market cap of $749.11 million, a P/E ratio of 18.32 and a beta of 0.04.

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.