Franklin Systematic Style Premia ETF $FLSP Shares Sold by Empirical Asset Management LLC

Empirical Asset Management LLC trimmed its position in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 61.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,043 shares of the company’s stock after selling 27,627 shares during the quarter. Empirical Asset Management LLC owned approximately 0.09% of Franklin Systematic Style Premia ETF worth $452,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FLSP. Integrated Wealth Concepts LLC grew its position in Franklin Systematic Style Premia ETF by 2.6% during the first quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock valued at $423,000 after buying an additional 434 shares during the period. Jane Street Group LLC purchased a new stake in shares of Franklin Systematic Style Premia ETF during the 1st quarter worth about $1,423,000. Envestnet Asset Management Inc. purchased a new stake in shares of Franklin Systematic Style Premia ETF during the 2nd quarter worth about $25,491,000. World Investment Advisors grew its position in shares of Franklin Systematic Style Premia ETF by 30.2% during the 2nd quarter. World Investment Advisors now owns 11,380 shares of the company’s stock valued at $274,000 after acquiring an additional 2,642 shares during the period. Finally, Brio Consultants LLC purchased a new position in shares of Franklin Systematic Style Premia ETF in the 2nd quarter valued at about $477,000.

Franklin Systematic Style Premia ETF Trading Up 0.1%

NYSEARCA FLSP opened at $27.47 on Friday. The stock has a market capitalization of $589.23 million, a price-to-earnings ratio of 18.32 and a beta of 0.01. The stock has a 50-day moving average of $27.03 and a 200 day moving average of $26.58. Franklin Systematic Style Premia ETF has a twelve month low of $23.00 and a twelve month high of $27.63.

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.