PNC Financial Services Group Inc. Purchases 69,466 Shares of Franklin Systematic Style Premia ETF $FLSP

PNC Financial Services Group Inc. raised its position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 5.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,313,990 shares of the company’s stock after buying an additional 69,466 shares during the period. PNC Financial Services Group Inc.’s holdings in Franklin Systematic Style Premia ETF were worth $35,741,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased 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 buying an additional 434 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Franklin Systematic Style Premia ETF in the 1st quarter worth approximately $1,423,000. Raymond James Financial Inc. bought a new stake in Franklin Systematic Style Premia ETF during the 2nd quarter worth approximately $117,000. Bank of America Corp DE grew its position in Franklin Systematic Style Premia ETF by 1.3% during the 2nd quarter. Bank of America Corp DE now owns 1,071,206 shares of the company’s stock worth $25,816,000 after acquiring an additional 13,975 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Franklin Systematic Style Premia ETF by 458.3% during the 2nd quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock valued at $392,000 after purchasing an additional 13,336 shares in the last quarter.

Franklin Systematic Style Premia ETF Stock Performance

Shares of FLSP opened at $27.81 on Friday. The stock has a fifty day moving average price of $27.48 and a two-hundred day moving average price of $27.26. Franklin Systematic Style Premia ETF has a 52-week low of $24.30 and a 52-week high of $29.01. The company 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.