Orion Portfolio Solutions LLC Trims Stake in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP)

Orion Portfolio Solutions LLC cut its holdings in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 759,975 shares of the company’s stock after selling 22,488 shares during the quarter. Orion Portfolio Solutions LLC owned 9.87% of Franklin Systematic Style Premia ETF worth $18,171,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tredje AP fonden bought a new stake in shares of Franklin Systematic Style Premia ETF in the 4th quarter valued at about $95,640,000. Franklin Resources Inc. raised its stake in Franklin Systematic Style Premia ETF by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 5,530,578 shares of the company’s stock valued at $134,006,000 after purchasing an additional 258,932 shares during the last quarter. Jane Street Group LLC acquired a new stake in Franklin Systematic Style Premia ETF during the third quarter worth about $1,182,000. Retireful LLC purchased a new position in Franklin Systematic Style Premia ETF during the fourth quarter worth about $802,000. Finally, LPL Financial LLC grew its stake in shares of Franklin Systematic Style Premia ETF by 64.1% in the fourth quarter. LPL Financial LLC now owns 45,788 shares of the company’s stock valued at $1,095,000 after buying an additional 17,885 shares in the last quarter.

Franklin Systematic Style Premia ETF Price Performance

Shares of NYSEARCA FLSP opened at $24.46 on Friday. The company has a market capitalization of $311.87 million, a price-to-earnings ratio of 18.22 and a beta of 0.03. The business has a 50-day moving average of $24.03 and a two-hundred day moving average of $24.01. Franklin Systematic Style Premia ETF has a 1 year low of $21.72 and a 1 year high of $25.75.

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.