Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Shares Purchased by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 107.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677 shares of the company’s stock after acquiring an additional 350 shares during the period. Sage Mountain Advisors LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in FLQM. Raymond James Financial Services Advisors Inc. boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock worth $65,350,000 after purchasing an additional 6,823 shares during the period. CWM LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.5% during the second quarter. CWM LLC now owns 761,015 shares of the company’s stock worth $39,032,000 after buying an additional 84,455 shares during the period. Raymond James & Associates grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 119.1% during the second quarter. Raymond James & Associates now owns 342,750 shares of the company’s stock worth $17,580,000 after buying an additional 186,321 shares during the last quarter. Osaic Holdings Inc. increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 35.0% in the 1st quarter. Osaic Holdings Inc. now owns 217,071 shares of the company’s stock valued at $11,606,000 after acquiring an additional 56,337 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 119.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 216,678 shares of the company’s stock valued at $11,113,000 after acquiring an additional 117,829 shares during the last quarter.

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

Shares of FLQM stock traded up $0.30 during midday trading on Friday, hitting $54.84. The company had a trading volume of 77,028 shares. The stock has a market cap of $660.82 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The company’s 50 day simple moving average is $52.59 and its 200 day simple moving average is $51.84. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $25.35 and a 52-week high of $28.79.

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.