Harbor Group Inc. increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 1.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 961,646 shares of the company’s stock after acquiring an additional 16,330 shares during the period. Franklin U.S. Mid Cap Multifactor Index ETF makes up about 6.5% of Harbor Group Inc.’s holdings, making the stock its 2nd largest holding. Harbor Group Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $55,237,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of FLQM. NewEdge Advisors LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 14.6% during the second quarter. NewEdge Advisors LLC now owns 144,650 shares of the company’s stock valued at $8,373,000 after buying an additional 18,386 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 736.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,101 shares of the company’s stock worth $1,075,000 after acquiring an additional 16,817 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 2nd quarter valued at about $526,000. Envestnet Asset Management Inc. increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 288,323 shares of the company’s stock valued at $16,690,000 after buying an additional 16,368 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the first quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock worth $79,902,000 after acquiring an additional 142,619 shares during the last quarter.
Franklin U.S. Mid Cap Multifactor Index ETF Price Performance
FLQM opened at $59.27 on Thursday. The company has a market capitalization of $1.82 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $53.87 and a fifty-two week high of $62.13. The business has a 50-day moving average of $59.92 and a 200-day moving average of $58.31.
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.
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