Tredje AP fonden Buys New Position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP)

Tredje AP fonden bought a new stake in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) in the 4th quarter, Holdings Channel reports. The institutional investor bought 4,000,000 shares of the company’s stock, valued at approximately $95,640,000. Franklin Systematic Style Premia ETF accounts for about 0.9% of Tredje AP fonden’s investment portfolio, making the stock its 26th largest position. Tredje AP fonden owned approximately 0.52% of Franklin Systematic Style Premia ETF at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FLSP. First Horizon Advisors Inc. acquired a new position in shares of Franklin Systematic Style Premia ETF during the 3rd quarter valued at about $69,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Franklin Systematic Style Premia ETF by 76.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,287 shares of the company’s stock worth $174,000 after purchasing an additional 3,163 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Franklin Systematic Style Premia ETF during the 3rd quarter worth about $286,000. PFG Advisors grew its holdings in shares of Franklin Systematic Style Premia ETF by 37.8% during the 4th quarter. PFG Advisors now owns 25,991 shares of the company’s stock worth $621,000 after purchasing an additional 7,126 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Franklin Systematic Style Premia ETF by 37.8% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,992 shares of the company’s stock worth $621,000 after purchasing an additional 7,126 shares during the period.

Franklin Systematic Style Premia ETF Stock Performance

Shares of NYSEARCA:FLSP opened at $23.96 on Thursday. Franklin Systematic Style Premia ETF has a 1 year low of $21.72 and a 1 year high of $25.75. The stock has a market capitalization of $305.49 million, a P/E ratio of 16.98 and a beta of 0.03. The stock has a 50-day simple moving average of $23.97 and a 200-day simple moving average of $23.99.

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.