D.A. Davidson & CO. grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Free Report) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,666 shares of the company’s stock after purchasing an additional 716 shares during the period. D.A. Davidson & CO.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $742,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 8.2% in the 3rd quarter. Franklin Resources Inc. now owns 14,084 shares of the company’s stock valued at $790,000 after buying an additional 1,066 shares during the period. Park Avenue Securities LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter worth about $455,000. Caprock Group LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter worth about $231,000. Thrivent Financial for Lutherans raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 57.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 43,572 shares of the company’s stock worth $2,427,000 after purchasing an additional 15,909 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth about $200,000.
Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.3 %
BATS FLQM opened at $54.93 on Tuesday. The stock has a market capitalization of $661.93 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $25.35 and a twelve month high of $28.79. The stock has a 50-day moving average of $55.38 and a 200 day moving average of $55.47.
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.
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