Janney Montgomery Scott LLC Makes New Investment in Franklin Systematic Style Premia ETF $FLSP

Janney Montgomery Scott LLC purchased a new position in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 154,346 shares of the company’s stock, valued at approximately $4,198,000.

Several other institutional investors have also made changes to their positions in FLSP. National Bank of Canada FI acquired a new position in Franklin Systematic Style Premia ETF in the third quarter worth approximately $27,000. Assetmark Inc. lifted its stake in Franklin Systematic Style Premia ETF by 1,558.1% in the fourth quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock valued at $38,000 after acquiring an additional 1,340 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Franklin Systematic Style Premia ETF in the fourth quarter valued at approximately $68,000. Raymond James Financial Inc. acquired a new stake in Franklin Systematic Style Premia ETF in the second quarter valued at approximately $117,000. Finally, Elyxium Wealth LLC bought a new stake in Franklin Systematic Style Premia ETF in the fourth quarter worth approximately $217,000.

Franklin Systematic Style Premia ETF Price Performance

Shares of FLSP opened at $27.37 on Monday. The company’s fifty day moving average is $27.31 and its 200-day moving average is $27.20. Franklin Systematic Style Premia ETF has a 12 month low of $23.90 and a 12 month high of $29.01. The firm has a market cap of $948.37 million, a price-to-earnings ratio of 18.32 and a beta of 0.04.

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.