NewEdge Advisors LLC grew its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 14.6% during the 2nd quarter, Holdings Channel reports. The firm owned 144,650 shares of the company’s stock after purchasing an additional 18,386 shares during the quarter. NewEdge Advisors LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $8,373,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Jane Street Group LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter valued at about $1,528,000. Raymond James Financial Inc. grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% during the second quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after buying an additional 62,992 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock worth $143,407,000 after buying an additional 43,120 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% during the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after buying an additional 177,777 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.0% during the second quarter. Orion Porfolio Solutions LLC now owns 14,368 shares of the company’s stock worth $780,000 after buying an additional 420 shares in the last quarter.
Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 0.7%
BATS:FLQM opened at $59.55 on Friday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $53.87 and a 1 year high of $62.13. The firm has a 50 day moving average of $60.36 and a 200-day moving average of $57.93.
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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