Franklin U.S. Mid Cap Multifactor Index ETF $FLQM Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 7.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 675,138 shares of the company’s stock after selling 56,697 shares during the period. Bank of America Corp DE’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $37,085,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FLQM. Cetera Investment Advisers lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 23.3% in the fourth 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 in the last quarter. TrustBank acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth $10,271,000. Piedmont Capital Management LLC NC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter valued at about $9,934,000. Orion Porfolio Solutions LLC grew its holdings 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 valued at $10,485,000 after purchasing an additional 172,758 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 975,462 shares of the company’s stock worth $55,065,000 after buying an additional 160,864 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.1%

Shares of BATS:FLQM opened at $61.54 on Friday. The company’s 50-day moving average price is $59.10 and its 200 day moving average price is $57.49. The company has a market cap of $1.89 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $53.87 and a fifty-two week high of $61.71.

Franklin U.S. Mid Cap Multifactor Index ETF Company 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.