Janney Montgomery Scott LLC Has $30.33 Million Stock Position in Franklin U.S. Large Cap Multifactor Index ETF $FLQL

Janney Montgomery Scott LLC grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) by 12.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 448,344 shares of the company’s stock after acquiring an additional 50,907 shares during the period. Janney Montgomery Scott LLC’s holdings in Franklin U.S. Large Cap Multifactor Index ETF were worth $30,326,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 25.4% during the 2nd quarter. Bank of America Corp DE now owns 2,180,552 shares of the company’s stock valued at $137,724,000 after acquiring an additional 441,087 shares in the last quarter. Sequent Planning LLC acquired a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter worth about $11,183,000. Franklin Resources Inc. increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 8,709,763 shares of the company’s stock worth $596,009,000 after purchasing an additional 118,281 shares in the last quarter. Howard Capital Management Inc. raised its position in Franklin U.S. Large Cap Multifactor Index ETF by 82.6% in the fourth quarter. Howard Capital Management Inc. now owns 228,120 shares of the company’s stock valued at $15,816,000 after purchasing an additional 103,215 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 9.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,166,393 shares of the company’s stock valued at $80,866,000 after purchasing an additional 99,657 shares in the last quarter.

Franklin U.S. Large Cap Multifactor Index ETF Trading Up 1.8%

BATS:FLQL opened at $77.75 on Tuesday. The stock has a market cap of $1.89 billion, a P/E ratio of 24.11 and a beta of 0.95. The stock’s 50-day moving average is $76.39 and its 200-day moving average is $72.37. Franklin U.S. Large Cap Multifactor Index ETF has a 1-year low of $62.68 and a 1-year high of $78.78.

Franklin U.S. Large Cap Multifactor Index ETF Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.