Diversify Wealth Management LLC Makes New $959,000 Investment in Franklin Intelligent Machines ETF $IQM

Diversify Wealth Management LLC bought a new position in Franklin Intelligent Machines ETF (BATS:IQM) during the first quarter, Holdings Channel.com reports. The firm bought 10,843 shares of the company’s stock, valued at approximately $959,000.

Several other institutional investors also recently modified their holdings of IQM. Members Advisory Group LLC grew its holdings in shares of Franklin Intelligent Machines ETF by 1,552.3% in the fourth quarter. Members Advisory Group LLC now owns 123,989 shares of the company’s stock valued at $10,838,000 after acquiring an additional 116,485 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Franklin Intelligent Machines ETF by 66.2% during 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 lifted its holdings in Franklin Intelligent Machines ETF by 84.1% during the third quarter. Citadel Advisors LLC now owns 24,609 shares of the company’s stock worth $2,148,000 after acquiring an additional 11,239 shares during the period. Flow Traders U.S. LLC purchased a new position in Franklin Intelligent Machines ETF in the third quarter worth $691,000. Finally, Diversify Advisory Services LLC boosted its position in Franklin Intelligent Machines ETF by 69.9% in the fourth quarter. Diversify Advisory Services LLC now owns 11,802 shares of the company’s stock worth $1,141,000 after purchasing an additional 4,856 shares during the last quarter.

Franklin Intelligent Machines ETF Price Performance

Shares of BATS:IQM opened at $104.47 on Friday. The company has a market capitalization of $47.01 million, a PE ratio of 47.30 and a beta of 1.46. The business has a fifty day moving average price of $115.40 and a two-hundred day moving average price of $102.09. Franklin Intelligent Machines ETF has a 1 year low of $75.64 and a 1 year high of $126.21.

Franklin Intelligent Machines ETF Profile

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.