Peak Financial Advisors LLC Buys New Position in Franklin Systematic Style Premia ETF $FLSP

Peak Financial Advisors LLC bought a new stake in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 668,482 shares of the company’s stock, valued at approximately $18,183,000. Franklin Systematic Style Premia ETF accounts for about 8.1% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Peak Financial Advisors LLC owned approximately 2.46% of Franklin Systematic Style Premia ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in shares of Franklin Systematic Style Premia ETF by 2.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock worth $423,000 after purchasing an additional 434 shares during the period. Jane Street Group LLC acquired a new stake in shares of Franklin Systematic Style Premia ETF during the first quarter worth $1,423,000. Raymond James Financial Inc. acquired a new stake in shares of Franklin Systematic Style Premia ETF during the second quarter worth $117,000. Bank of America Corp DE raised its stake in Franklin Systematic Style Premia ETF by 1.3% during the second quarter. Bank of America Corp DE now owns 1,071,206 shares of the company’s stock worth $25,816,000 after buying an additional 13,975 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in Franklin Systematic Style Premia ETF by 458.3% during the second quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock worth $392,000 after buying an additional 13,336 shares during the last quarter.

Franklin Systematic Style Premia ETF Price Performance

FLSP stock opened at $27.67 on Monday. The firm has a market cap of $755.39 million, a price-to-earnings 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 $29.01. The company’s fifty day simple moving average is $27.27 and its 200 day simple moving average is $27.19.

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.