Raymond James Financial Inc. Makes New $92.39 Million Investment in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Raymond James Financial Inc. purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,701,147 shares of the company’s stock, valued at approximately $92,389,000. Raymond James Financial Inc. owned approximately 14.12% of Franklin U.S. Mid Cap Multifactor Index ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLQM. Assetmark Inc. bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter worth about $29,000. Providence Capital Advisors LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth about $63,000. Farther Finance Advisors LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth about $196,000. Sanctuary Advisors LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth about $200,000. Finally, Caprock Group LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter worth approximately $231,000.

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

Shares of FLQM opened at $54.09 on Monday. The firm’s 50 day moving average is $55.22 and its 200-day moving average is $55.57. The stock has a market capitalization of $1.45 billion, a P/E ratio of 16.92 and a beta of 1.05. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $49.72 and a 12-month high of $59.07.

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.