Private Advisor Group LLC Trims Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Private Advisor Group LLC lowered its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 279,084 shares of the company’s stock after selling 20,897 shares during the period. Private Advisor Group LLC owned about 0.05% of Franklin U.S. Mid Cap Multifactor Index ETF worth $13,432,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FLQM. Geneos Wealth Management Inc. boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 22.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 76,733 shares of the company’s stock worth $3,693,000 after buying an additional 13,890 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.9% during the third quarter. Commonwealth Equity Services LLC now owns 9,816 shares of the company’s stock worth $422,000 after acquiring an additional 365 shares during the period. Thomasville National Bank increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.1% during the fourth quarter. Thomasville National Bank now owns 88,283 shares of the company’s stock worth $4,249,000 after acquiring an additional 927 shares during the period. Redwood Financial Network Corp grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 15.8% during the third quarter. Redwood Financial Network Corp now owns 7,388 shares of the company’s stock worth $317,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Flynn Zito Capital Management LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $728,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 1.0 %

Shares of FLQM stock traded up $0.51 on Tuesday, reaching $51.35. 58,140 shares of the stock were exchanged. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $25.35 and a twelve month high of $28.79. The company has a market capitalization of $618.77 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The business’s 50 day moving average price is $51.53 and its 200 day moving average price is $48.21.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.