Franklin Intelligent Machines ETF $IQM Shares Sold by Members Advisory Group LLC

Members Advisory Group LLC lessened its holdings in shares of Franklin Intelligent Machines ETF (BATS:IQM) by 68.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,969 shares of the company’s stock after selling 85,020 shares during the period. Franklin Intelligent Machines ETF makes up 1.2% of Members Advisory Group LLC’s holdings, making the stock its 21st biggest position. Members Advisory Group LLC owned approximately 8.66% of Franklin Intelligent Machines ETF worth $3,447,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of Franklin Intelligent Machines ETF by 66.2% in the fourth quarter. Cetera Investment Advisers now owns 41,996 shares of the company’s stock worth $3,671,000 after acquiring an additional 16,729 shares during the period. Citadel Advisors LLC grew its stake in Franklin Intelligent Machines ETF by 84.1% in the 3rd quarter. Citadel Advisors LLC now owns 24,609 shares of the company’s stock valued at $2,148,000 after acquiring an additional 11,239 shares during the period. Osaic Holdings Inc. grew its stake in Franklin Intelligent Machines ETF by 13.2% in the 4th quarter. Osaic Holdings Inc. now owns 23,048 shares of the company’s stock valued at $2,015,000 after acquiring an additional 2,685 shares during the period. Diversify Advisory Services LLC increased its holdings in Franklin Intelligent Machines ETF by 69.9% in the 4th quarter. Diversify Advisory Services LLC now owns 11,802 shares of the company’s stock worth $1,141,000 after acquiring an additional 4,856 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in Franklin Intelligent Machines ETF during the first quarter worth $959,000.

Franklin Intelligent Machines ETF Stock Down 1.6%

IQM opened at $109.71 on Thursday. The firm’s fifty day simple moving average is $115.51 and its two-hundred day simple moving average is $101.99. Franklin Intelligent Machines ETF has a 52-week low of $75.56 and a 52-week high of $126.21. The company has a market cap of $49.37 million, a price-to-earnings ratio of 47.30 and a beta of 1.46.

About Franklin Intelligent Machines ETF

The Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines. IQM was launched on Feb 25, 2020 and is managed by Franklin Templeton.