NewEdge Advisors LLC increased its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 20.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,264 shares of the company’s stock after acquiring an additional 21,252 shares during the period. NewEdge Advisors LLC owned about 0.41% of Franklin U.S. Mid Cap Multifactor Index ETF worth $6,936,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock valued at $143,407,000 after purchasing an additional 43,120 shares during the period. Raymond James Financial Inc. raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 3.8% during the 4th quarter. Raymond James Financial Inc. now owns 1,861,769 shares of the company’s stock valued at $104,743,000 after buying an additional 67,967 shares during the last quarter. Cetera Investment Advisers raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% during the 1st quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock valued at $79,902,000 after buying an additional 142,619 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 975,462 shares of the company’s stock valued at $55,065,000 after buying an additional 160,864 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 20.9% in the 3rd quarter. Bank of America Corp DE now owns 818,615 shares of the company’s stock worth $46,211,000 after buying an additional 141,331 shares during the last quarter.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
FLQM stock opened at $61.56 on Tuesday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The business’s 50-day moving average is $58.74 and its two-hundred day moving average is $57.39. 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 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.
Further Reading
- Five stocks we like better than Franklin U.S. Mid Cap Multifactor Index ETF
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Want to see what other hedge funds are holding FLQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report).
Receive News & Ratings for Franklin U.S. Mid Cap Multifactor Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin U.S. Mid Cap Multifactor Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
