Sherrill & Hutchins Financial Advisory Inc Takes $6.41 Million Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Sherrill & Hutchins Financial Advisory Inc bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 120,826 shares of the company’s stock, valued at approximately $6,405,000. Franklin U.S. Mid Cap Multifactor Index ETF accounts for about 5.5% of Sherrill & Hutchins Financial Advisory Inc’s holdings, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of FLQM. LPL Financial LLC raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.7% in the fourth quarter. LPL Financial LLC now owns 2,526,850 shares of the company’s stock valued at $137,233,000 after buying an additional 159,538 shares in the last quarter. Ameriprise Financial Inc. raised its position in Franklin U.S. Mid Cap Multifactor Index ETF by 71.4% during the fourth quarter. Ameriprise Financial Inc. now owns 1,887,635 shares of the company’s stock valued at $102,509,000 after purchasing an additional 786,150 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter valued at approximately $92,389,000. MML Investors Services LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 2,040.9% during the fourth quarter. MML Investors Services LLC now owns 385,089 shares of the company’s stock worth $20,914,000 after purchasing an additional 367,102 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.1% in the 4th quarter. Private Advisor Group LLC now owns 384,946 shares of the company’s stock valued at $20,906,000 after purchasing an additional 35,203 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 6.6%

Shares of BATS FLQM opened at $53.96 on Thursday. The stock has a 50-day moving average price of $51.89 and a two-hundred day moving average price of $54.16. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $46.23 and a 12 month high of $59.07. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 16.95 and a beta of 1.00.

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.