Coppell Advisory Solutions LLC Buys Shares of 141,319 Franklin Systematic Style Premia ETF $FLSP

Coppell Advisory Solutions LLC purchased a new position in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 141,319 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLSP. Tredje AP fonden lifted its position in shares of Franklin Systematic Style Premia ETF by 101.2% in the fourth quarter. Tredje AP fonden now owns 8,050,000 shares of the company’s stock worth $216,626,000 after purchasing an additional 4,050,000 shares in the last quarter. Peak Financial Advisors LLC acquired a new position in Franklin Systematic Style Premia ETF during the first quarter worth $18,183,000. AIFG Consultants Ltd. bought a new position in Franklin Systematic Style Premia ETF in the fourth quarter valued at $2,023,000. PNC Financial Services Group Inc. grew its position in Franklin Systematic Style Premia ETF by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,244,524 shares of the company’s stock valued at $33,490,000 after purchasing an additional 64,588 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in Franklin Systematic Style Premia ETF by 24.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 143,526 shares of the company’s stock valued at $3,974,000 after buying an additional 27,958 shares during the last quarter.

Franklin Systematic Style Premia ETF Price Performance

Shares of NYSEARCA:FLSP opened at $28.81 on Friday. The company’s 50-day moving average price is $28.00 and its two-hundred day moving average price is $27.53. Franklin Systematic Style Premia ETF has a one year low of $25.18 and a one year high of $29.01. The stock has a market capitalization of $1.06 billion, a PE ratio of 18.32 and a beta of 0.04.

About Franklin Systematic Style Premia ETF

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.