Janney Montgomery Scott LLC Buys 71,757 Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Janney Montgomery Scott LLC increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 155.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,064 shares of the company’s stock after acquiring an additional 71,757 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $6,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 363.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 27,663 shares of the company’s stock valued at $1,419,000 after purchasing an additional 21,691 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 49.7% in the second quarter. AQR Capital Management LLC now owns 8,180 shares of the company’s stock valued at $420,000 after acquiring an additional 2,716 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 85.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 111,301 shares of the company’s stock worth $5,708,000 after acquiring an additional 51,126 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% in the 2nd quarter. Cetera Investment Advisers now owns 204,603 shares of the company’s stock worth $10,494,000 after acquiring an additional 7,289 shares during the last quarter. Finally, HBW Advisory Services LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.0% during the 3rd quarter. HBW Advisory Services LLC now owns 19,893 shares of the company’s stock worth $1,108,000 after purchasing an additional 393 shares during the period.

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

Shares of BATS:FLQM opened at $56.36 on Wednesday. The business has a 50 day simple moving average of $56.19 and a two-hundred day simple moving average of $55.08. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $25.35 and a 1 year high of $28.79. The firm has a market capitalization of $679.15 million, a PE ratio of 16.96 and a beta of 0.90.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.