27,214 Shares in Franklin Systematic Style Premia ETF $FLSP Bought by Cumberland Partners Ltd

Cumberland Partners Ltd acquired a new position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,214 shares of the company’s stock, valued at approximately $740,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its holdings 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 during the period. National Bank of Canada FI bought a new position in shares of Franklin Systematic Style Premia ETF in the 3rd quarter worth about $27,000. Assetmark Inc. boosted its holdings in shares of Franklin Systematic Style Premia ETF by 1,558.1% in the 4th quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock valued at $38,000 after buying an additional 1,340 shares during the period. PFG Advisors boosted its holdings in shares of Franklin Systematic Style Premia ETF by 3.4% in the 4th quarter. PFG Advisors now owns 60,371 shares of the company’s stock valued at $1,625,000 after buying an additional 2,009 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Franklin Systematic Style Premia ETF during the 4th quarter valued at about $68,000.

Franklin Systematic Style Premia ETF Stock Up 0.4%

FLSP opened at $27.93 on Friday. The company’s 50-day moving average price is $27.49 and its 200 day moving average price is $27.26. Franklin Systematic Style Premia ETF has a fifty-two week low of $24.30 and a fifty-two week high of $29.01. The firm has a market cap of $1.02 billion, a price-to-earnings 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.