Cumberland Partners Ltd Takes Position in Franklin Systematic Style Premia ETF $FLSP

Cumberland Partners Ltd acquired a new position in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,214 shares of the company’s stock, valued at approximately $740,000. Cumberland Partners Ltd owned approximately 0.10% of Franklin Systematic Style Premia ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tredje AP fonden boosted its stake in Franklin Systematic Style Premia ETF by 101.2% during the 4th quarter. Tredje AP fonden now owns 8,050,000 shares of the company’s stock valued at $216,626,000 after acquiring an additional 4,050,000 shares during the last quarter. AIFG Consultants Ltd. bought a new stake in shares of Franklin Systematic Style Premia ETF in the 4th quarter worth about $2,023,000. PNC Financial Services Group Inc. increased its position in shares of Franklin Systematic Style Premia ETF by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,244,524 shares of the company’s stock worth $33,490,000 after purchasing an additional 64,588 shares during the last quarter. Peak Financial Advisors LLC acquired a new stake in shares of Franklin Systematic Style Premia ETF in the 1st quarter valued at about $18,183,000. Finally, Private Advisor Group LLC raised its stake in shares of Franklin Systematic Style Premia ETF by 119.4% in the 1st quarter. Private Advisor Group LLC now owns 37,069 shares of the company’s stock valued at $1,008,000 after purchasing an additional 20,175 shares in the last quarter.

Franklin Systematic Style Premia ETF Stock Performance

Shares of FLSP stock opened at $27.93 on Friday. Franklin Systematic Style Premia ETF has a one year low of $24.30 and a one year high of $29.01. The company’s 50-day simple moving average is $27.49 and its 200-day simple moving average is $27.26. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.32 and a beta of 0.04.

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.