MBL Wealth LLC Buys 32,850 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

MBL Wealth LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 389.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,285 shares of the company’s stock after acquiring an additional 32,850 shares during the period. MBL Wealth LLC owned 0.13% of Franklin U.S. Mid Cap Multifactor Index ETF worth $2,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.6% during the 2nd quarter. NewEdge Advisors LLC now owns 144,650 shares of the company’s stock valued at $8,373,000 after acquiring an additional 18,386 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 736.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,101 shares of the company’s stock worth $1,075,000 after purchasing an additional 16,817 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter worth $526,000. Envestnet Asset Management Inc. increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 288,323 shares of the company’s stock worth $16,690,000 after purchasing an additional 16,368 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the first quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock worth $79,902,000 after purchasing an additional 142,619 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 2.0%

FLQM stock opened at $62.18 on Friday. The company has a market cap of $1.91 billion, a PE ratio of 16.69 and a beta of 0.98. The business has a 50-day simple moving average of $59.85 and a 200 day simple moving average of $58.57. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $53.87 and a 52 week high of $62.20.

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.