First Horizon Advisors Inc. Makes New Investment in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP)

First Horizon Advisors Inc. acquired a new stake in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 2,882 shares of the company’s stock, valued at approximately $69,000.

A number of other large investors also recently modified their holdings of FLSP. Empirical Asset Management LLC grew its position in Franklin Systematic Style Premia ETF by 240.7% during the third quarter. Empirical Asset Management LLC now owns 37,558 shares of the company’s stock valued at $905,000 after acquiring an additional 26,535 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Franklin Systematic Style Premia ETF in the 3rd quarter worth approximately $454,000. Finally, Brookstone Capital Management purchased a new stake in shares of Franklin Systematic Style Premia ETF in the 2nd quarter valued at $314,000.

Franklin Systematic Style Premia ETF Trading Down 0.3 %

FLSP opened at $24.10 on Monday. The company has a market cap of $185.57 million, a P/E ratio of 14.25 and a beta of 0.18. Franklin Systematic Style Premia ETF has a 12 month low of $21.30 and a 12 month high of $25.75. The business’s 50-day moving average price is $24.04 and its 200-day moving average price is $23.83.

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.