TrustBank Invests $10.27 Million in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

TrustBank acquired 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 filing with the Securities & Exchange Commission. The institutional investor acquired 182,565 shares of the company’s stock, valued at approximately $10,271,000. Franklin U.S. Mid Cap Multifactor Index ETF accounts for 4.3% of TrustBank’s portfolio, making the stock its 7th biggest holding. TrustBank owned 0.60% of Franklin U.S. Mid Cap Multifactor Index ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Comerica Bank acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth $51,000. NewEdge Advisors LLC increased 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 acquiring an additional 326 shares during the period. Capital Investment Advisory Services LLC increased 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 acquiring an additional 221 shares during the period. Keystone Financial Group acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth $214,000. Finally, JPMorgan Chase & Co. increased 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 acquiring an additional 4,536 shares during the period.

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

BATS:FLQM opened at $57.02 on Wednesday. The firm has a market capitalization of $1.75 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $52.67 and a 1-year high of $58.66. The company’s fifty day moving average price is $55.95 and its 200-day moving average price is $56.63.

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.