Redhawk Wealth Advisors Inc. Sells 170,883 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Redhawk Wealth Advisors Inc. trimmed its holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 85.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,040 shares of the company’s stock after selling 170,883 shares during the quarter. Redhawk Wealth Advisors Inc. owned about 0.09% of Franklin U.S. Mid Cap Multifactor Index ETF worth $1,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLQM. Cetera Investment Advisers grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 23.3% during the 4th quarter. Cetera Investment Advisers now owns 1,311,994 shares of the company’s stock worth $73,813,000 after acquiring an additional 247,905 shares during the last quarter. TrustBank bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth about $10,271,000. Bank of America Corp DE lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% during the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after purchasing an additional 177,777 shares in the last quarter. Piedmont Capital Management LLC NC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth approximately $9,934,000. Finally, Orion Porfolio Solutions LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1,269.9% during the fourth quarter. Orion Porfolio Solutions LLC now owns 186,362 shares of the company’s stock worth $10,485,000 after purchasing an additional 172,758 shares in the last quarter.

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

FLQM opened at $61.34 on Wednesday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 16.69 and a beta of 0.98. The company’s 50 day simple moving average is $58.83 and its 200-day simple moving average is $57.41. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $53.87 and a one year high of $61.71.

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.