Essex Financial Services Inc. Has $912,000 Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Essex Financial Services Inc. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,784 shares of the company’s stock after purchasing an additional 587 shares during the quarter. Essex Financial Services Inc. owned about 0.14% of Franklin U.S. Mid Cap Multifactor Index ETF worth $912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Orgel Wealth Management LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 165.4% during the 4th quarter. Orgel Wealth Management LLC now owns 1,537,350 shares of the company’s stock worth $83,494,000 after purchasing an additional 958,040 shares during the last quarter. LPL Financial LLC increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% during the 3rd quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock worth $131,859,000 after buying an additional 527,519 shares during the period. Financial Partners Group Inc acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $6,925,000. Bank of Montreal Can bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at about $5,855,000. Finally, Harbor Group Inc. grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 67.1% in the fourth quarter. Harbor Group Inc. now owns 255,148 shares of the company’s stock valued at $13,857,000 after acquiring an additional 102,474 shares in the last quarter.

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

BATS:FLQM opened at $55.49 on Wednesday. The firm has a market cap of $668.65 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 52 week low of $25.35 and a 52 week high of $28.79. The firm’s 50-day simple moving average is $55.77 and its 200 day simple moving average is $55.29.

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.