Orgel Wealth Management LLC cut its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 97.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,702 shares of the company’s stock after selling 1,741,937 shares during the period. Orgel Wealth Management LLC owned approximately 0.18% of Franklin U.S. Mid Cap Multifactor Index ETF worth $3,166,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth about $50,000. Comerica Bank acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at approximately $51,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at approximately $52,000. NewEdge Advisors LLC boosted its stake in 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 worth $58,000 after acquiring an additional 326 shares during the last quarter. Finally, Access Investment Management LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $118,000.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
Shares of BATS FLQM opened at $60.98 on Tuesday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $53.87 and a 52-week high of $62.13. The stock has a market cap of $1.87 billion, a P/E ratio of 16.69 and a beta of 0.98. The firm has a 50 day moving average price of $59.99 and a 200 day moving average price of $57.79.
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.
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