IFP Advisors Inc Sells 30,328 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

IFP Advisors Inc lowered its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 32.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,294 shares of the company’s stock after selling 30,328 shares during the period. IFP Advisors Inc’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $3,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pinnacle Financial Partners Inc. grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 2.6% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 8,835 shares of the company’s stock worth $499,000 after acquiring an additional 220 shares during the last quarter. NewEdge Advisors LLC increased its stake 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 worth $58,000 after purchasing an additional 326 shares during the period. Orion Porfolio Solutions LLC lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 3.0% in the second quarter. Orion Porfolio Solutions LLC now owns 14,368 shares of the company’s stock valued at $780,000 after purchasing an additional 420 shares during the last quarter. Beaumont Financial Advisors LLC lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 2.9% in the third quarter. Beaumont Financial Advisors LLC now owns 16,459 shares of the company’s stock valued at $929,000 after purchasing an additional 464 shares during the last quarter. Finally, Certified Advisory Corp boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.8% during the third quarter. Certified Advisory Corp now owns 72,672 shares of the company’s stock valued at $4,102,000 after purchasing an additional 561 shares during the period.

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

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $54.35 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $46.23 and a 52-week high of $58.66. The company’s 50 day moving average price is $57.35 and its 200-day moving average price is $56.69. The stock has a market capitalization of $1.67 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.