PNC Financial Services Group Inc. Raises Stock Holdings in Franklin Systematic Style Premia ETF $FLSP

PNC Financial Services Group Inc. increased its stake in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,244,524 shares of the company’s stock after purchasing an additional 64,588 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.06% of Franklin Systematic Style Premia ETF worth $33,490,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FLSP. National Bank of Canada FI purchased a new stake in shares of Franklin Systematic Style Premia ETF during the 3rd quarter worth $27,000. Assetmark Inc. increased its position in Franklin Systematic Style Premia ETF by 1,558.1% during the 4th quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock valued at $38,000 after buying an additional 1,340 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Franklin Systematic Style Premia ETF during the 2nd quarter valued at about $117,000. Elyxium Wealth LLC acquired a new position in Franklin Systematic Style Premia ETF during the 4th quarter valued at about $217,000. Finally, Osaic Holdings Inc. increased its position 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 buying an additional 13,336 shares in the last quarter.

Franklin Systematic Style Premia ETF Price Performance

Shares of NYSEARCA:FLSP opened at $27.20 on Friday. The business’s 50-day moving average is $27.14 and its 200 day moving average is $27.10. Franklin Systematic Style Premia ETF has a 1 year low of $23.90 and a 1 year high of $27.89. The firm has a market capitalization of $742.56 million, a P/E ratio of 18.32 and a beta of 0.04.

Franklin Systematic Style Premia ETF Company 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.