PNC Financial Services Group Inc. Has $35.74 Million Stock Holdings in Franklin Systematic Style Premia ETF $FLSP

PNC Financial Services Group Inc. lifted its holdings in shares of Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) by 5.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,313,990 shares of the company’s stock after acquiring an additional 69,466 shares during the period. PNC Financial Services Group Inc. owned approximately 4.81% of Franklin Systematic Style Premia ETF worth $35,741,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC bought a new stake in Franklin Systematic Style Premia ETF in the first quarter valued at about $108,000. Assetmark Inc. boosted its holdings in Franklin Systematic Style Premia ETF by 34,460.7% during the first quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock valued at $13,405,000 after purchasing an additional 491,409 shares in the last quarter. Dahring Cusmano LLC acquired a new stake in Franklin Systematic Style Premia ETF during the first quarter valued at approximately $326,000. Geneos Wealth Management Inc. bought a new stake in shares of Franklin Systematic Style Premia ETF in the 1st quarter valued at approximately $96,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Franklin Systematic Style Premia ETF in the 1st quarter worth approximately $1,128,000.

Franklin Systematic Style Premia ETF Trading Up 0.3%

Shares of FLSP opened at $27.81 on Friday. The stock has a market cap of $1.02 billion, a PE ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 1 year low of $24.30 and a 1 year high of $29.01. The stock has a 50 day simple moving average of $27.48 and a 200-day simple moving average of $27.26.

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. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.