Envestnet Asset Management Inc. Has $31.35 Million Stake in Franklin Systematic Style Premia ETF $FLSP

Envestnet Asset Management Inc. grew its position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,182,125 shares of the company’s stock after purchasing an additional 124,396 shares during the period. Envestnet Asset Management Inc. owned about 5.94% of Franklin Systematic Style Premia ETF worth $31,350,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FLSP. Private Trust Co. NA bought a new stake in shares of Franklin Systematic Style Premia ETF in the second quarter valued at $63,000. Raymond James Financial Inc. purchased a new stake in shares of Franklin Systematic Style Premia ETF during the 2nd quarter valued at $117,000. World Investment Advisors boosted its holdings in shares of Franklin Systematic Style Premia ETF by 30.2% in the 2nd quarter. World Investment Advisors now owns 11,380 shares of the company’s stock worth $274,000 after purchasing an additional 2,642 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Franklin Systematic Style Premia ETF by 458.3% during the 2nd quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock valued at $392,000 after buying an additional 13,336 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in Franklin Systematic Style Premia ETF by 2.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock worth $423,000 after buying an additional 434 shares during the last quarter.

Franklin Systematic Style Premia ETF Stock Up 0.9%

Shares of NYSEARCA:FLSP opened at $27.38 on Thursday. The stock has a market cap of $587.30 million, a PE ratio of 18.32 and a beta of 0.01. The company’s fifty day moving average is $27.02 and its 200 day moving average is $26.40. Franklin Systematic Style Premia ETF has a 52 week low of $23.00 and a 52 week high of $27.50.

Franklin Systematic Style Premia ETF 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.