Financial Consulate Inc. Purchases 20,826 Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Financial Consulate Inc. lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,436 shares of the company’s stock after acquiring an additional 20,826 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF comprises approximately 4.5% of Financial Consulate Inc.’s holdings, making the stock its 9th biggest holding. Financial Consulate Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $17,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sage Mountain Advisors LLC raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% during the second quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock worth $35,000 after acquiring an additional 350 shares during the period. Onyx Bridge Wealth Group LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth approximately $209,000. First Heartland Consultants Inc. acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 2nd quarter worth $220,000. ProVise Management Group LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 2nd quarter worth about $283,000. Finally, Arkadios Wealth Advisors boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 16.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 6,055 shares of the company’s stock worth $311,000 after purchasing an additional 846 shares during the period.

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

Shares of FLQM opened at $55.84 on Tuesday. The business’s 50-day moving average is $54.65 and its 200-day moving average is $52.71. The company has a market capitalization of $672.81 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $25.35 and a fifty-two week high of $28.79.

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.