Envestnet Asset Management Inc. Makes New Investment in Franklin Systematic Style Premia ETF $FLSP

Envestnet Asset Management Inc. purchased a new position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,057,729 shares of the company’s stock, valued at approximately $25,491,000. Envestnet Asset Management Inc. owned about 7.40% of Franklin Systematic Style Premia ETF as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. KWB Wealth bought a new stake in Franklin Systematic Style Premia ETF in the second quarter worth $2,596,000. Dynamic Advisor Solutions LLC raised its stake in shares of Franklin Systematic Style Premia ETF by 31.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 89,112 shares of the company’s stock valued at $2,148,000 after acquiring an additional 21,365 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Franklin Systematic Style Premia ETF during the first quarter valued at about $1,770,000. Jane Street Group LLC bought a new position in shares of Franklin Systematic Style Premia ETF during the first quarter valued at about $1,423,000. Finally, Empirical Asset Management LLC raised its stake in shares of Franklin Systematic Style Premia ETF by 6.4% during the second quarter. Empirical Asset Management LLC now owns 44,670 shares of the company’s stock valued at $1,077,000 after acquiring an additional 2,675 shares during the last quarter.

Franklin Systematic Style Premia ETF Trading Up 0.3%

Shares of NYSEARCA:FLSP opened at $26.84 on Tuesday. The company has a market cap of $534.12 million, a price-to-earnings ratio of 18.32 and a beta of 0.01. The company has a 50-day moving average price of $26.08 and a 200-day moving average price of $25.01. Franklin Systematic Style Premia ETF has a 12 month low of $21.72 and a 12 month high of $27.14.

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.