First Trust Advisors LP Invests $3.32 Million in Franklin Systematic Style Premia ETF $FLSP

First Trust Advisors LP bought a new stake in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 122,165 shares of the company’s stock, valued at approximately $3,323,000. First Trust Advisors LP owned about 0.45% of Franklin Systematic Style Premia ETF at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in Franklin Systematic Style Premia ETF during the 3rd quarter worth approximately $27,000. Assetmark Inc. boosted its stake in 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 purchasing an additional 1,340 shares during the period. Kestra Advisory Services LLC acquired a new position in Franklin Systematic Style Premia ETF in the 4th quarter valued at $68,000. Geneos Wealth Management Inc. acquired a new position in Franklin Systematic Style Premia ETF in the 1st quarter valued at $96,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Franklin Systematic Style Premia ETF during the 1st quarter worth $108,000.

Franklin Systematic Style Premia ETF Price Performance

FLSP stock opened at $28.13 on Friday. Franklin Systematic Style Premia ETF has a fifty-two week low of $24.99 and a fifty-two week high of $29.01. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 18.32 and a beta of 0.04. The business’s fifty day moving average price is $27.64 and its two-hundred day moving average price is $27.34.

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.