Cetera Investment Advisers Has $2.23 Million Stock Position in Franklin Systematic Style Premia ETF $FLSP

Cetera Investment Advisers raised its position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 9.3% in the second quarter, HoldingsChannel reports. The fund owned 92,370 shares of the company’s stock after purchasing an additional 7,849 shares during the quarter. Cetera Investment Advisers’ holdings in Franklin Systematic Style Premia ETF were worth $2,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. bought a new position in shares of Franklin Systematic Style Premia ETF in the 2nd quarter worth $25,491,000. PNC Financial Services Group Inc. grew its holdings in Franklin Systematic Style Premia ETF by 54,881.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,052,350 shares of the company’s stock worth $25,362,000 after buying an additional 1,050,436 shares in the last quarter. KWB Wealth purchased a new stake in Franklin Systematic Style Premia ETF in the 2nd quarter valued at $2,596,000. Jane Street Group LLC bought a new stake in shares of Franklin Systematic Style Premia ETF in the 1st quarter worth $1,423,000. Finally, Cedar Point Capital Partners LLC bought a new stake in shares of Franklin Systematic Style Premia ETF in the 2nd quarter worth $1,180,000.

Franklin Systematic Style Premia ETF Price Performance

FLSP opened at $27.16 on Friday. The company’s 50-day moving average is $26.59 and its 200 day moving average is $25.39. Franklin Systematic Style Premia ETF has a fifty-two week low of $21.72 and a fifty-two week high of $27.33. The firm has a market capitalization of $540.48 million, a P/E ratio of 18.32 and a beta of 0.01.

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.