IFP Advisors Inc lessened its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 8.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 92,622 shares of the company’s stock after selling 8,776 shares during the quarter. IFP Advisors Inc’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $5,030,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $25,000. Ameritas Advisory Services LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 2nd quarter worth approximately $53,000. Intrua Financial LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $212,000. International Assets Investment Management LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $244,000. Finally, Axis Wealth Partners LLC lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 6.8% during the 1st quarter. Axis Wealth Partners LLC now owns 4,817 shares of the company’s stock worth $255,000 after acquiring an additional 306 shares during the period.
Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.8%
Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $56.10 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $46.23 and a twelve month high of $59.07. The stock has a 50 day moving average of $56.36 and a two-hundred day moving average of $54.20. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.
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.
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Want to see what other hedge funds are holding FLQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report).
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