Franklin U.S. Mid Cap Multifactor Index ETF $FLQM is Flynn Zito Capital Management LLC’s 5th Largest Position

Flynn Zito Capital Management LLC lessened its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 16.1% in the first quarter, Holdings Channel reports. The firm owned 265,790 shares of the company’s stock after selling 50,861 shares during the period. Franklin U.S. Mid Cap Multifactor Index ETF accounts for 4.7% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Flynn Zito Capital Management LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $14,600,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at $1,528,000. NewEdge Advisors LLC boosted its position 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 purchasing an additional 326 shares during the period. Raymond James Financial Inc. increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock valued at $95,445,000 after purchasing an additional 62,992 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the 2nd 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 in the last quarter. Finally, Bank of America Corp DE raised its position in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after purchasing an additional 177,777 shares during the period.

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

Shares of FLQM opened at $58.67 on Wednesday. The stock’s 50-day moving average is $57.31 and its two-hundred day moving average is $57.02. The stock has a market cap of $1.80 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $53.64 and a 12 month high of $59.72.

Franklin U.S. Mid Cap Multifactor Index ETF Company 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.