Envestnet Portfolio Solutions Inc. Has $278,000 Stock Holdings in Franklin Systematic Style Premia ETF $FLSP

Envestnet Portfolio Solutions Inc. cut its stake in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 16.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,523 shares of the company’s stock after selling 2,341 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Franklin Systematic Style Premia ETF were worth $278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLSP. World Investment Advisors acquired a new position in Franklin Systematic Style Premia ETF in the 1st quarter valued at $215,000. Crossmark Global Holdings Inc. acquired a new position in Franklin Systematic Style Premia ETF in the 1st quarter valued at $1,770,000. Private Advisor Group LLC raised its holdings in Franklin Systematic Style Premia ETF by 54.0% in the 1st 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 in the last quarter. PFG Advisors raised its holdings in Franklin Systematic Style Premia ETF by 26.2% in the 1st quarter. PFG Advisors now owns 32,789 shares of the company’s stock valued at $805,000 after acquiring an additional 6,798 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in Franklin Systematic Style Premia ETF in the 1st quarter valued at $47,000.

Franklin Systematic Style Premia ETF Price Performance

Shares of NYSEARCA FLSP opened at $26.39 on Friday. The stock has a market capitalization of $525.16 million, a PE ratio of 18.32 and a beta of 0.02. The business has a fifty day moving average price of $25.91 and a two-hundred day moving average price of $24.87. Franklin Systematic Style Premia ETF has a fifty-two week low of $21.72 and a fifty-two week high of $26.69.

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.