Redhawk Wealth Advisors Inc. Sells 170,883 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Redhawk Wealth Advisors Inc. lessened its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 85.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,040 shares of the company’s stock after selling 170,883 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $1,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $1,528,000. NewEdge Advisors LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after buying an additional 326 shares in the last quarter. Raymond James Financial Inc. increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after buying an additional 62,992 shares during the period. Ameriprise Financial Inc. increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock worth $143,407,000 after buying an additional 43,120 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% during the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after buying an additional 177,777 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $61.34 on Wednesday. The firm has a 50-day moving average of $58.83 and a 200-day moving average of $57.41. The stock has a market cap of $1.88 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $53.87 and a 52-week high of $61.71.

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.