Riggs Capital Management LLC Takes $2.46 Million Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Riggs Capital Management LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 45,323 shares of the company’s stock, valued at approximately $2,461,000. Franklin U.S. Mid Cap Multifactor Index ETF accounts for approximately 2.4% of Riggs Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Riggs Capital Management LLC owned approximately 0.38% of Franklin U.S. Mid Cap Multifactor Index ETF as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at about $5,855,000. Stifel Financial Corp grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 15.0% in the third quarter. Stifel Financial Corp now owns 137,612 shares of the company’s stock valued at $7,665,000 after purchasing an additional 17,973 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 260.7% during the third quarter. Jane Street Group LLC now owns 38,335 shares of the company’s stock worth $2,135,000 after purchasing an additional 27,707 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 15.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,491 shares of the company’s stock worth $696,000 after purchasing an additional 1,705 shares during the last quarter. Finally, MML Investors Services LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth approximately $1,002,000.

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

Shares of BATS FLQM opened at $52.53 on Monday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 17.08 and a beta of 1.05. The stock’s fifty day moving average price is $54.63 and its two-hundred day moving average price is $55.43. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $49.72 and a one year high of $59.07.

Franklin U.S. Mid Cap Multifactor Index ETF 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.