LPL Financial LLC lessened its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 6.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,883,203 shares of the company’s stock after selling 207,300 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Franklin U.S. Mid Cap Multifactor Index ETF worth $162,209,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 18.6% in the 4th quarter. Franklin Resources Inc. now owns 24,257 shares of the company’s stock valued at $1,365,000 after purchasing an additional 3,805 shares in the last quarter. IAG Wealth Partners LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 9.9% in the 4th quarter. IAG Wealth Partners LLC now owns 61,822 shares of the company’s stock valued at $3,478,000 after purchasing an additional 5,592 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 15.8% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 26,398 shares of the company’s stock valued at $1,484,000 after purchasing an additional 3,606 shares in the last quarter. TrustBank purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter valued at $10,271,000. Finally, Harbour Investments Inc. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 5.2% in the 4th quarter. Harbour Investments Inc. now owns 16,085 shares of the company’s stock valued at $905,000 after purchasing an additional 801 shares in the last quarter.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $57.25 on Thursday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $53.23 and a 52-week high of $58.66. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The company has a fifty day moving average of $56.45 and a 200-day moving average of $56.78.
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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