Orgel Wealth Management LLC reduced its holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 97.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,702 shares of the company’s stock after selling 1,741,937 shares during the quarter. Orgel Wealth Management LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $3,166,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter valued at about $50,000. Comerica Bank bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth approximately $51,000. Richards Merrill & Peterson Inc. bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $52,000. NewEdge Advisors LLC increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after purchasing an additional 326 shares in the last quarter. Finally, Access Investment Management LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $118,000.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
Shares of FLQM opened at $60.98 on Tuesday. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $53.87 and a twelve month high of $62.13. The firm’s 50 day moving average price is $59.99 and its two-hundred day moving average price is $57.79. The firm has a market cap of $1.87 billion, a P/E ratio of 16.69 and a beta of 0.98.
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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