Fmr LLC Reduces Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Fmr LLC cut its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 19.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,048 shares of the company’s stock after selling 254 shares during the period. Fmr LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $58,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $5,855,000. Family Capital Management Inc. increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.6% during the 3rd quarter. Family Capital Management Inc. now owns 80,398 shares of the company’s stock valued at $4,478,000 after purchasing an additional 2,005 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 26.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 23,153 shares of the company’s stock valued at $1,290,000 after purchasing an additional 4,888 shares during the last quarter. Certified Advisory Corp purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $3,567,000. Finally, LPL Financial LLC grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% during the third quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock valued at $131,859,000 after buying an additional 527,519 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 0.7 %

Shares of FLQM stock opened at $54.98 on Wednesday. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $25.35 and a 12 month high of $28.79. The stock has a market cap of $662.51 million, a P/E ratio of 16.96 and a beta of 0.90. The company has a 50 day simple moving average of $56.63 and a two-hundred day simple moving average of $54.41.

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.