Cetera Investment Advisers grew its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,454,613 shares of the company’s stock after purchasing an additional 142,619 shares during the quarter. Cetera Investment Advisers owned approximately 4.75% of Franklin U.S. Mid Cap Multifactor Index ETF worth $79,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter valued at $50,000. Comerica Bank bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth $51,000. Richards Merrill & Peterson Inc. purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth $52,000. NewEdge Advisors LLC increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after buying an additional 326 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock valued at $97,000 after acquiring an additional 221 shares during the period.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.5%
Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $58.49 on Friday. The stock’s 50-day simple moving average is $57.73 and its 200-day simple moving average is $57.14. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $53.72 and a 52 week high of $60.34. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.
Franklin U.S. Mid Cap Multifactor Index ETF Company 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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