668,482 Shares in Franklin Systematic Style Premia ETF $FLSP Acquired by Peak Financial Advisors LLC

Peak Financial Advisors LLC purchased a new position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 668,482 shares of the company’s stock, valued at approximately $18,183,000. Franklin Systematic Style Premia ETF comprises approximately 8.1% of Peak Financial Advisors LLC’s holdings, making the stock its 2nd largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in FLSP. Janney Montgomery Scott LLC bought a new stake in shares of Franklin Systematic Style Premia ETF during the first quarter valued at approximately $4,198,000. Center For Asset Management LLC acquired a new position in shares of Franklin Systematic Style Premia ETF during the first quarter worth approximately $1,039,000. Prosperity Bancshares Inc bought a new position in shares of Franklin Systematic Style Premia ETF in the 4th quarter worth $1,109,000. Osaic Holdings Inc. lifted its holdings in shares of Franklin Systematic Style Premia ETF by 11.5% in the 4th quarter. Osaic Holdings Inc. now owns 26,996 shares of the company’s stock worth $726,000 after purchasing an additional 2,774 shares in the last quarter. Finally, Capital Financial Group Inc. Co. ADV acquired a new stake in Franklin Systematic Style Premia ETF in the 4th quarter valued at $1,748,000.

Franklin Systematic Style Premia ETF Stock Performance

NYSEARCA FLSP opened at $27.67 on Monday. The company has a market cap of $755.39 million, a P/E ratio of 18.32 and a beta of 0.04. The company has a fifty day simple moving average of $27.27 and a 200 day simple moving average of $27.19. Franklin Systematic Style Premia ETF has a 12-month low of $23.90 and a 12-month high of $29.01.

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.