Redhawk Wealth Advisors Inc. Increases Stake in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Redhawk Wealth Advisors Inc. lifted 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 194,888 shares of the company’s stock after purchasing an additional 12,690 shares during the period. Franklin U.S. Mid Cap Multifactor Index ETF comprises approximately 1.2% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 17th largest holding. Redhawk Wealth Advisors Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $10,964,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Comerica Bank acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at approximately $51,000. NewEdge Advisors LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after acquiring an additional 326 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth approximately $84,000. Keystone Financial Group purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at approximately $214,000. Finally, JPMorgan Chase & Co. increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 45,360.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,546 shares of the company’s stock valued at $257,000 after purchasing an additional 4,536 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 1.3%

Shares of FLQM opened at $54.05 on Friday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The firm’s fifty day simple moving average is $57.01 and its 200-day simple moving average is $56.61. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $46.23 and a twelve month high of $58.66.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.