Thrivent Financial for Lutherans Grows Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Thrivent Financial for Lutherans raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 57.5% in the third quarter, Holdings Channel reports. The institutional investor owned 43,572 shares of the company’s stock after acquiring an additional 15,909 shares during the period. Thrivent Financial for Lutherans’ holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $2,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLQM. Sage Mountain Advisors LLC increased its holdings 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 valued at $35,000 after buying an additional 350 shares during the last quarter. Aspire Wealth Management Corp boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% in the third quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock worth $74,000 after purchasing an additional 492 shares during the period. Signaturefd LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $90,000. Farther Finance Advisors LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $196,000. Finally, Onyx Bridge Wealth Group LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $209,000.

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

FLQM opened at $58.52 on Thursday. The firm has a market cap of $705.17 million, a P/E ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $25.35 and a 1-year high of $28.79. The company has a 50 day simple moving average of $56.02 and a two-hundred day simple moving average of $53.73.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.