Simplicity Wealth LLC Buys New Position in Franklin Systematic Style Premia ETF $FLSP

Simplicity Wealth LLC bought a new position in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,263 shares of the company’s stock, valued at approximately $578,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLSP. Integrated Wealth Concepts LLC boosted its position in shares of Franklin Systematic Style Premia ETF by 2.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock valued at $423,000 after purchasing an additional 434 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Franklin Systematic Style Premia ETF in the 1st quarter worth approximately $1,423,000. Raymond James Financial Inc. acquired a new stake in Franklin Systematic Style Premia ETF during the second quarter valued at approximately $117,000. Bank of America Corp DE lifted its stake in Franklin Systematic Style Premia ETF by 1.3% during the second quarter. Bank of America Corp DE now owns 1,071,206 shares of the company’s stock valued at $25,816,000 after purchasing an additional 13,975 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Franklin Systematic Style Premia ETF by 458.3% during the second quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock worth $392,000 after buying an additional 13,336 shares in the last quarter.

Franklin Systematic Style Premia ETF Stock Performance

Franklin Systematic Style Premia ETF stock opened at $27.77 on Tuesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 1 year low of $24.05 and a 1 year high of $29.01. The firm’s 50 day moving average price is $27.37 and its two-hundred day moving average price is $27.21.

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.