Strategic Equity Management Decreases Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Strategic Equity Management cut its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,537 shares of the company’s stock after selling 3,674 shares during the period. Strategic Equity Management owned 0.12% of Franklin U.S. Mid Cap Multifactor Index ETF worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% in the third 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. Raymond James Financial Inc. purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth approximately $92,389,000. Orgel Wealth Management LLC raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 165.4% in the fourth quarter. Orgel Wealth Management LLC now owns 1,537,350 shares of the company’s stock worth $83,494,000 after buying an additional 958,040 shares during the period. Private Advisor Group LLC raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.1% in the fourth quarter. Private Advisor Group LLC now owns 384,946 shares of the company’s stock worth $20,906,000 after buying an additional 35,203 shares during the period. Finally, Financial Consulate Inc. raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 4.0% in the fourth quarter. Financial Consulate Inc. now owns 318,554 shares of the company’s stock worth $17,301,000 after buying an additional 12,118 shares during the period.

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

Shares of BATS FLQM opened at $54.09 on Friday. The business’s 50 day moving average price is $55.22 and its 200-day moving average price is $55.56. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $49.72 and a fifty-two week high of $59.07. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 16.92 and a beta of 1.05.

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.