Piedmont Capital Management LLC NC Invests $9.93 Million in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Piedmont Capital Management LLC NC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 176,572 shares of the company’s stock, valued at approximately $9,934,000. Franklin U.S. Mid Cap Multifactor Index ETF accounts for 6.5% of Piedmont Capital Management LLC NC’s holdings, making the stock its 3rd largest holding. Piedmont Capital Management LLC NC owned approximately 0.58% of Franklin U.S. Mid Cap Multifactor Index ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Comerica Bank purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth about $51,000. NewEdge Advisors LLC boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after buying an additional 326 shares during the period. Capital Investment Advisory Services LLC boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock worth $97,000 after buying an additional 221 shares during the period. Keystone Financial Group purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth about $214,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 45,360.0% in the third quarter. JPMorgan Chase & Co. now owns 4,546 shares of the company’s stock worth $257,000 after buying an additional 4,536 shares during the period.

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

Shares of FLQM opened at $58.15 on Monday. The company has a market capitalization of $1.78 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $53.23 and a one year high of $58.66. The stock has a 50-day moving average price of $56.57 and a 200 day moving average price of $56.81.

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.