Tredje AP fonden Boosts Stake in Franklin Systematic Style Premia ETF $FLSP

Tredje AP fonden boosted its stake in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 101.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,050,000 shares of the company’s stock after acquiring an additional 4,050,000 shares during the period. Franklin Systematic Style Premia ETF accounts for about 1.6% of Tredje AP fonden’s portfolio, making the stock its 10th biggest position. Tredje AP fonden owned about 37.53% of Franklin Systematic Style Premia ETF worth $216,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its stake in Franklin Systematic Style Premia ETF by 2.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock worth $423,000 after acquiring an additional 434 shares during the period. National Bank of Canada FI bought a new position in Franklin Systematic Style Premia ETF during the 3rd quarter worth $27,000. Assetmark Inc. increased its stake 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 worth $38,000 after acquiring an additional 1,340 shares during the period. PFG Advisors increased its stake in Franklin Systematic Style Premia ETF by 3.4% during the 4th quarter. PFG Advisors now owns 60,371 shares of the company’s stock worth $1,625,000 after acquiring an additional 2,009 shares during the period. Finally, Brio Consultants LLC increased its stake in Franklin Systematic Style Premia ETF by 22.7% during the 4th quarter. Brio Consultants LLC now owns 22,290 shares of the company’s stock worth $600,000 after acquiring an additional 4,120 shares during the period.

Franklin Systematic Style Premia ETF Price Performance

Franklin Systematic Style Premia ETF stock opened at $27.17 on Tuesday. The stock’s fifty day moving average price is $27.14 and its two-hundred day moving average price is $27.09. Franklin Systematic Style Premia ETF has a one year low of $23.90 and a one year high of $27.89. The firm has a market cap of $741.74 million, a PE 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.