Private Advisor Group LLC Has $19.48 Million Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Private Advisor Group LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 20.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,743 shares of the company’s stock after buying an additional 58,612 shares during the period. Private Advisor Group LLC owned about 2.90% of Franklin U.S. Mid Cap Multifactor Index ETF worth $19,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FLQM. Essex Financial Services Inc. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.1% in the 2nd quarter. Essex Financial Services Inc. now owns 15,555 shares of the company’s stock worth $798,000 after purchasing an additional 327 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% during the second quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock worth $35,000 after buying an additional 350 shares during the last quarter. HBW Advisory Services LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.0% during the third quarter. HBW Advisory Services LLC now owns 19,893 shares of the company’s stock worth $1,108,000 after buying an additional 393 shares in the last quarter. Clear Point Advisors Inc. increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.3% during the first quarter. Clear Point Advisors Inc. now owns 12,886 shares of the company’s stock worth $689,000 after buying an additional 410 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 16,734 shares of the company’s stock worth $895,000 after acquiring an additional 484 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Price Performance

BATS FLQM opened at $55.01 on Thursday. The stock’s 50 day simple moving average is $54.75 and its 200 day simple moving average is $52.75. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $25.35 and a one year high of $28.79. The firm has a market cap of $662.87 million, a PE ratio of 16.96 and a beta of 0.90.

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.