KWB Wealth Sells 235,294 Shares of Franklin Systematic Style Premia ETF $FLSP

KWB Wealth lowered its holdings in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 83.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,070 shares of the company’s stock after selling 235,294 shares during the quarter. KWB Wealth owned about 0.22% of Franklin Systematic Style Premia ETF worth $1,213,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLSP. National Bank of Canada FI bought a new stake in shares of Franklin Systematic Style Premia ETF during the third quarter valued at approximately $27,000. Raymond James Financial Inc. bought a new position in Franklin Systematic Style Premia ETF in the 2nd quarter worth approximately $117,000. World Investment Advisors lifted its holdings in Franklin Systematic Style Premia ETF by 15.1% during the 3rd quarter. World Investment Advisors now owns 13,100 shares of the company’s stock worth $347,000 after buying an additional 1,720 shares in the last quarter. Osaic Holdings Inc. boosted its position in Franklin Systematic Style Premia ETF by 458.3% in the 2nd quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock valued at $392,000 after buying an additional 13,336 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Franklin Systematic Style Premia ETF by 2.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock valued at $423,000 after buying an additional 434 shares during the period.

Franklin Systematic Style Premia ETF Stock Down 0.7%

FLSP stock opened at $26.67 on Tuesday. The company has a market cap of $572.07 million, a P/E ratio of 18.32 and a beta of 0.01. Franklin Systematic Style Premia ETF has a twelve month low of $23.00 and a twelve month high of $27.89. The business has a fifty day moving average of $27.17 and a 200-day moving average of $26.82.

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.