Franklin Resources Inc. Buys 258,932 Shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP)

Franklin Resources Inc. lifted its stake in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,530,578 shares of the company’s stock after acquiring an additional 258,932 shares during the quarter. Franklin Resources Inc. owned about 71.83% of Franklin Systematic Style Premia ETF worth $134,006,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Franklin Systematic Style Premia ETF in the 3rd quarter valued at approximately $1,182,000. Empirical Asset Management LLC raised its position in shares of Franklin Systematic Style Premia ETF by 240.7% during the third quarter. Empirical Asset Management LLC now owns 37,558 shares of the company’s stock valued at $905,000 after buying an additional 26,535 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Franklin Systematic Style Premia ETF in the third quarter valued at about $454,000. Brookstone Capital Management bought a new position in Franklin Systematic Style Premia ETF during the second quarter valued at about $314,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Franklin Systematic Style Premia ETF in the 3rd quarter valued at approximately $286,000.

Franklin Systematic Style Premia ETF Trading Up 0.4 %

Shares of FLSP stock opened at $24.06 on Monday. Franklin Systematic Style Premia ETF has a 12 month low of $21.30 and a 12 month high of $25.75. The company has a market capitalization of $185.26 million, a P/E ratio of 14.25 and a beta of 0.18. The stock has a 50 day moving average of $24.07 and a two-hundred day moving average of $23.91.

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.