Northwestern Mutual Wealth Management Co. Trims Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Northwestern Mutual Wealth Management Co. lowered its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 1.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 965,916 shares of the company’s stock after selling 9,546 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $54,342,000 as of its most recent filing with the Securities and Exchange Commission.

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

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.3%

Shares of BATS FLQM opened at $56.94 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $52.67 and a twelve month high of $58.66. The stock has a 50 day moving average of $56.05 and a two-hundred day moving average of $56.66. The stock has a market cap of $1.75 billion, a P/E ratio of 16.69 and a beta of 0.98.

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.