Moneywise Inc. decreased its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,163 shares of the company’s stock after selling 19,965 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF accounts for about 1.1% of Moneywise Inc.’s holdings, making the stock its 21st biggest holding. Moneywise Inc. owned 0.33% of Franklin U.S. Mid Cap Multifactor Index ETF worth $2,127,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Financial Partners Group Inc raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 5.3% during the fourth quarter. Financial Partners Group Inc now owns 130,949 shares of the company’s stock worth $7,112,000 after purchasing an additional 6,621 shares in the last quarter. KPP Advisory Services LLC raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the fourth quarter. KPP Advisory Services LLC now owns 76,631 shares of the company’s stock worth $4,162,000 after purchasing an additional 1,265 shares in the last quarter. Caprock Group LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth approximately $231,000. Dynamic Advisor Solutions LLC raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 11.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,203 shares of the company’s stock worth $934,000 after purchasing an additional 1,789 shares in the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth approximately $333,000.
Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 1.7 %
FLQM stock opened at $56.03 on Thursday. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $25.35 and a twelve month high of $28.79. The company’s 50 day moving average is $55.99 and its two-hundred day moving average is $55.21. The stock has a market cap of $675.11 million, a P/E ratio of 16.96 and a beta of 0.90.
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.
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