Private Advisor Group LLC Decreases Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Private Advisor Group LLC lowered its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,374 shares of the company’s stock after selling 23,922 shares during the quarter. Private Advisor Group LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $26,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLQM. Cetera Investment Advisers raised its holdings in 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 purchasing an additional 247,905 shares in the last quarter. TrustBank purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter worth approximately $10,271,000. Bank of America Corp DE raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% during the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after acquiring an additional 177,777 shares in the last quarter. Piedmont Capital Management LLC NC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter worth approximately $9,934,000. Finally, Orion Porfolio Solutions LLC lifted its position in 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 acquiring an additional 172,758 shares during the last quarter.

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

Shares of FLQM opened at $59.17 on Friday. The company has a 50 day moving average of $56.99 and a two-hundred day moving average of $56.93. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $53.64 and a twelve month high of $59.19. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.

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.