Collaborative Fund Advisors LLC Purchases New Holdings in Franklin Systematic Style Premia ETF $FLSP

Collaborative Fund Advisors LLC purchased a new position in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 61,210 shares of the company’s stock, valued at approximately $1,751,000. Franklin Systematic Style Premia ETF comprises approximately 1.0% of Collaborative Fund Advisors LLC’s holdings, making the stock its 22nd biggest holding. Collaborative Fund Advisors LLC owned about 0.16% of Franklin Systematic Style Premia ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Assetmark Inc. increased its position in Franklin Systematic Style Premia ETF by 34,460.7% during the first quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock worth $13,405,000 after acquiring an additional 491,409 shares during the period. Coppell Advisory Solutions LLC acquired a new position in Franklin Systematic Style Premia ETF during the 2nd quarter valued at $39,000. First Trust Advisors LP bought a new stake in Franklin Systematic Style Premia ETF in the 1st quarter valued at $3,323,000. Envestnet Asset Management Inc. boosted its holdings in Franklin Systematic Style Premia ETF by 8.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,502,520 shares of the company’s stock valued at $41,605,000 after purchasing an additional 121,520 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Franklin Systematic Style Premia ETF by 5.7% in the 1st quarter. Bank of America Corp DE now owns 1,857,918 shares of the company’s stock valued at $50,535,000 after purchasing an additional 99,527 shares during the period.

Franklin Systematic Style Premia ETF Price Performance

NYSEARCA FLSP opened at $29.11 on Thursday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.32 and a beta of 0.02. The company’s fifty day moving average is $28.77 and its two-hundred day moving average is $27.76. Franklin Systematic Style Premia ETF has a 52-week low of $26.46 and a 52-week high of $30.08.

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. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.