Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 26.5% in the first quarter, Holdings Channel.com reports. The firm owned 262,673 shares of the company’s stock after acquiring an additional 54,965 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $13,924,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter valued at approximately $320,000. Cerity Partners LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $332,000. Dynamic Advisor Solutions LLC grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 11.6% in the first quarter. Dynamic Advisor Solutions LLC now owns 19,206 shares of the company’s stock valued at $1,018,000 after purchasing an additional 2,003 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 23,351 shares of the company’s stock valued at $1,269,000 after purchasing an additional 2,961 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 48,999 shares of the company’s stock valued at $2,661,000 after purchasing an additional 5,427 shares in the last quarter.

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

FLQM stock opened at $54.76 on Friday. The business has a 50 day simple moving average of $54.16 and a 200-day simple moving average of $53.63. The firm has a market capitalization of $1.68 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $46.23 and a 1 year high of $59.07.

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.