Cetera Investment Advisers Has $2.08 Million Stake in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP)

Cetera Investment Advisers trimmed its holdings in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,521 shares of the company’s stock after selling 2,705 shares during the period. Cetera Investment Advisers owned 0.61% of Franklin Systematic Style Premia ETF worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLSP. LPL Financial LLC increased its stake in 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 acquiring an additional 17,885 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Franklin Systematic Style Premia ETF by 41.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 16,813 shares of the company’s stock valued at $402,000 after acquiring an additional 4,928 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Franklin Systematic Style Premia ETF in the first quarter valued at approximately $1,770,000. PFG Advisors increased its stake in Franklin Systematic Style Premia ETF by 26.2% in the first quarter. PFG Advisors now owns 32,789 shares of the company’s stock valued at $805,000 after acquiring an additional 6,798 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in Franklin Systematic Style Premia ETF by 54.0% in the first quarter. Private Advisor Group LLC now owns 13,763 shares of the company’s stock valued at $338,000 after acquiring an additional 4,828 shares during the last quarter.

Franklin Systematic Style Premia ETF Price Performance

Shares of NYSEARCA:FLSP opened at $25.11 on Friday. The company’s 50 day simple moving average is $24.39 and its 200 day simple moving average is $24.19. The stock has a market capitalization of $359.07 million, a price-to-earnings ratio of 18.32 and a beta of 0.02. Franklin Systematic Style Premia ETF has a 1 year low of $21.72 and a 1 year high of $26.13.

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.