Berger Financial Group Inc Decreases Stake in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Berger Financial Group Inc decreased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 7.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 43,815 shares of the company’s stock after selling 3,588 shares during the period. Berger Financial Group Inc’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $2,380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 37.7% in the first quarter. Ameriprise Financial Inc. now owns 2,600,056 shares of the company’s stock worth $137,868,000 after acquiring an additional 712,421 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth $23,701,000. CWM LLC increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 19.2% in the 1st quarter. CWM LLC now owns 1,441,503 shares of the company’s stock valued at $76,414,000 after purchasing an additional 231,691 shares in the last quarter. Eagle Wealth Strategies LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter valued at about $10,420,000. Finally, Cetera Investment Advisers lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 48.9% during the first quarter. Cetera Investment Advisers now owns 552,890 shares of the company’s stock worth $29,309,000 after purchasing an additional 181,584 shares in the last quarter.

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

FLQM stock opened at $56.97 on Friday. The firm has a market cap of $1.75 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $46.23 and a 1 year high of $59.07. The stock has a 50-day simple moving average of $56.23 and a 200-day simple moving average of $54.09.

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.