Cetera Investment Advisers Buys 142,619 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Cetera Investment Advisers lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 10.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,454,613 shares of the company’s stock after buying an additional 142,619 shares during the quarter. Cetera Investment Advisers’ holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $79,902,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FLQM. Ameriprise Financial Inc. grew its stake 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 acquiring an additional 43,120 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 3.8% in the 4th quarter. Raymond James Financial Inc. now owns 1,861,769 shares of the company’s stock valued at $104,743,000 after acquiring an additional 67,967 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 975,462 shares of the company’s stock worth $55,065,000 after purchasing an additional 160,864 shares in the last quarter. Bank of America Corp DE lifted its stake in 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 purchasing an additional 141,331 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 13.5% in the 4th quarter. Larson Financial Group LLC now owns 763,243 shares of the company’s stock worth $42,940,000 after purchasing an additional 90,960 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.5%

FLQM opened at $58.49 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 16.69 and a beta of 0.98. The firm has a 50-day simple moving average of $57.73 and a two-hundred day simple moving average of $57.14. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $53.72 and a 52 week high of $60.34.

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.