Dynamic Advisor Solutions LLC Acquires 27,958 Shares of Franklin Systematic Style Premia ETF $FLSP

Dynamic Advisor Solutions LLC grew its stake in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 24.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,526 shares of the company’s stock after purchasing an additional 27,958 shares during the quarter. Dynamic Advisor Solutions LLC owned approximately 0.41% of Franklin Systematic Style Premia ETF worth $3,974,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in Franklin Systematic Style Premia ETF during the 3rd quarter valued at about $27,000. Assetmark Inc. grew its stake in Franklin Systematic Style Premia ETF by 1,558.1% in the 4th quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock worth $38,000 after acquiring an additional 1,340 shares in the last quarter. CoreCap Advisors LLC grew its stake in Franklin Systematic Style Premia ETF by 48.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,724 shares of the company’s stock worth $48,000 after acquiring an additional 565 shares in the last quarter. Royal Bank of Canada increased its position in shares of Franklin Systematic Style Premia ETF by 200.6% during the first quarter. Royal Bank of Canada now owns 1,933 shares of the company’s stock worth $53,000 after acquiring an additional 1,290 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Franklin Systematic Style Premia ETF during the fourth quarter worth approximately $68,000.

Franklin Systematic Style Premia ETF Stock Performance

Franklin Systematic Style Premia ETF stock opened at $28.13 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of 18.32 and a beta of 0.04. The company has a 50 day moving average price of $27.64 and a 200-day moving average price of $27.34. Franklin Systematic Style Premia ETF has a fifty-two week low of $24.99 and a fifty-two week high of $29.01.

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. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.