Capital Financial Group Inc. Co. ADV Invests $1.75 Million in Franklin Systematic Style Premia ETF $FLSP

Capital Financial Group Inc. Co. ADV bought a new position in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) during the 4th quarter, Holdings Channel.com reports. The fund bought 64,970 shares of the company’s stock, valued at approximately $1,748,000. Franklin Systematic Style Premia ETF accounts for 1.0% of Capital Financial Group Inc. Co. ADV’s investment portfolio, making the stock its 29th largest holding.

Several other hedge funds also recently made changes to their positions in FLSP. Integrated Wealth Concepts LLC increased its holdings in shares of Franklin Systematic Style Premia ETF by 2.6% during the first 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 bought a new position in Franklin Systematic Style Premia ETF in the first quarter valued at approximately $1,423,000. Raymond James Financial Inc. bought a new position in Franklin Systematic Style Premia ETF in the second quarter valued at approximately $117,000. Bank of America Corp DE increased its stake in Franklin Systematic Style Premia ETF by 1.3% in the second quarter. Bank of America Corp DE now owns 1,071,206 shares of the company’s stock valued at $25,816,000 after acquiring an additional 13,975 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Franklin Systematic Style Premia ETF by 458.3% in the second quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock valued at $392,000 after acquiring an additional 13,336 shares during the last quarter.

Franklin Systematic Style Premia ETF Price Performance

Shares of NYSEARCA:FLSP opened at $27.57 on Tuesday. The company’s 50 day simple moving average is $27.24 and its 200 day simple moving average is $27.15. The stock has a market capitalization of $752.66 million, a price-to-earnings ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 1 year low of $23.90 and a 1 year high of $27.89.

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.