Franklin Resources Inc. Boosts Stake in Franklin Systematic Style Premia ETF $FLSP

Franklin Resources Inc. raised its position in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,969,526 shares of the company’s stock after acquiring an additional 1,119,845 shares during the period. Franklin Resources Inc. owned approximately 0.32% of Franklin Systematic Style Premia ETF worth $187,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FLSP. Tredje AP fonden grew its position in Franklin Systematic Style Premia ETF by 101.3% during the fourth quarter. Tredje AP fonden now owns 8,050,000 shares of the company’s stock valued at $216,626,000 after acquiring an additional 4,050,000 shares during the period. Susquehanna International Group LLP purchased a new stake in Franklin Systematic Style Premia ETF during the third quarter valued at about $5,791,000. PNC Financial Services Group Inc. grew its position in Franklin Systematic Style Premia ETF by 12.1% during the third quarter. PNC Financial Services Group Inc. now owns 1,179,936 shares of the company’s stock valued at $31,292,000 after acquiring an additional 127,586 shares during the period. Envestnet Asset Management Inc. grew its position in Franklin Systematic Style Premia ETF by 11.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,182,125 shares of the company’s stock valued at $31,350,000 after acquiring an additional 124,396 shares during the period. Finally, Jane Street Group LLC grew its position in Franklin Systematic Style Premia ETF by 158.8% during the second quarter. Jane Street Group LLC now owns 150,000 shares of the company’s stock valued at $3,615,000 after acquiring an additional 92,051 shares during the period.

Franklin Systematic Style Premia ETF Trading Down 0.1%

FLSP stock opened at $27.44 on Wednesday. The stock has a 50-day moving average price of $27.22 and a two-hundred day moving average price of $27.14. The company has a market cap of $749.11 million, a PE ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 12-month low of $23.90 and a 12-month high of $27.89.

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.