Cetera Investment Advisers Has $8.04 Million Holdings in Franklin Intelligent Machines ETF $IQM

Cetera Investment Advisers increased its holdings in Franklin Intelligent Machines ETF (BATS:IQM) by 116.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,839 shares of the company’s stock after purchasing an additional 48,843 shares during the period. Cetera Investment Advisers owned approximately 0.20% of Franklin Intelligent Machines ETF worth $8,035,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IQM. Members Advisory Group LLC lifted its stake in Franklin Intelligent Machines ETF by 1,552.3% during the fourth quarter. Members Advisory Group LLC now owns 123,989 shares of the company’s stock worth $10,838,000 after purchasing an additional 116,485 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in Franklin Intelligent Machines ETF during the first quarter valued at $959,000. Osaic Holdings Inc. raised its holdings in shares of Franklin Intelligent Machines ETF by 13.2% during the fourth quarter. Osaic Holdings Inc. now owns 23,048 shares of the company’s stock worth $2,015,000 after purchasing an additional 2,685 shares during the period. Jane Street Group LLC bought a new position in shares of Franklin Intelligent Machines ETF in the 4th quarter worth about $376,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Franklin Intelligent Machines ETF by 47.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,697 shares of the company’s stock worth $673,000 after buying an additional 2,477 shares during the last quarter.

Franklin Intelligent Machines ETF Stock Performance

BATS IQM opened at $102.49 on Friday. Franklin Intelligent Machines ETF has a one year low of $76.51 and a one year high of $126.21. The company has a 50-day simple moving average of $113.36 and a 200-day simple moving average of $103.03. The firm has a market capitalization of $46.12 million, a PE ratio of 47.30 and a beta of 1.46.

About Franklin Intelligent Machines ETF

The Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines. IQM was launched on Feb 25, 2020 and is managed by Franklin Templeton.