Thrivent Financial for Lutherans Invests $2.73 Million in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Thrivent Financial for Lutherans bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,599 shares of the company’s stock, valued at approximately $2,734,000. Thrivent Financial for Lutherans owned about 0.16% of Franklin U.S. Mid Cap Multifactor Index ETF as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FLQM. 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 stake 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 last quarter. Capital Investment Advisory Services LLC boosted its stake 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 last quarter. 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 stake 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 last quarter.

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

Shares of FLQM opened at $56.87 on Monday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $52.67 and a 52 week high of $58.66. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The stock’s 50-day moving average price is $55.87 and its 200-day moving average price is $56.60.

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.