Family Capital Management Inc. Lowers Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Family Capital Management Inc. cut its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 74,171 shares of the company’s stock after selling 5,079 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF accounts for about 2.5% of Family Capital Management Inc.’s holdings, making the stock its 11th largest position. Family Capital Management Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $3,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FLQM. Equitable Holdings Inc. raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 7.2% during the first quarter. Equitable Holdings Inc. now owns 10,978 shares of the company’s stock valued at $494,000 after acquiring an additional 739 shares during the period. UBS Group AG bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter valued at about $116,000. Geneos Wealth Management Inc. raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 11.1% during the first quarter. Geneos Wealth Management Inc. now owns 7,416 shares of the company’s stock valued at $333,000 after acquiring an additional 741 shares during the period. Bank of America Corp DE raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 9.3% during the first quarter. Bank of America Corp DE now owns 16,228 shares of the company’s stock valued at $730,000 after acquiring an additional 1,384 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 81.1% in the second quarter. LPL Financial LLC now owns 113,489 shares of the company’s stock worth $4,399,000 after purchasing an additional 50,821 shares during the last quarter.

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

Shares of FLQM stock traded down $0.05 during trading hours on Thursday, hitting $49.83. The stock had a trading volume of 248,661 shares. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $25.35 and a one year high of $28.79. The stock’s 50-day moving average price is $51.30 and its two-hundred day moving average price is $47.47. The stock has a market capitalization of $271.57 million, a price-to-earnings ratio of 15.10 and a beta of 1.00.

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.