Empirical Asset Management LLC Cuts Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Empirical Asset Management LLC trimmed its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 62.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,506 shares of the company’s stock after selling 9,150 shares during the quarter. Empirical Asset Management LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $310,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Beaumont Financial Advisors LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.3% during the 4th quarter. Beaumont Financial Advisors LLC now owns 16,673 shares of the company’s stock valued at $938,000 after purchasing an additional 214 shares in the last quarter. Pinnacle Financial Partners Inc. increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.6% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 8,835 shares of the company’s stock valued at $499,000 after purchasing an additional 220 shares in the last quarter. Capital Investment Advisory Services LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock valued at $97,000 after purchasing an additional 221 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 14,585 shares of the company’s stock valued at $821,000 after purchasing an additional 275 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after purchasing an additional 326 shares in the last quarter.

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

Shares of BATS FLQM opened at $56.87 on Friday. The firm has a market cap of $1.74 billion, a PE ratio of 16.69 and a beta of 0.98. The firm has a fifty day moving average of $55.87 and a 200 day moving average of $56.59. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $52.67 and a one year high of $58.66.

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.