Commonwealth Equity Services LLC Has $5.75 Million Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Commonwealth Equity Services LLC cut its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 30.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,248 shares of the company’s stock after selling 45,802 shares during the period. Commonwealth Equity Services LLC owned about 0.33% of Franklin U.S. Mid Cap Multifactor Index ETF worth $5,752,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FLQM. Eagle Wealth Strategies LLC boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 102.9% during the 3rd quarter. Eagle Wealth Strategies LLC now owns 390,301 shares of the company’s stock worth $22,032,000 after buying an additional 197,968 shares during the period. TrustBank acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter worth approximately $10,271,000. Bank of America Corp DE boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% during the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after buying an additional 177,777 shares during the period. Larson Financial Group LLC boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 33.7% during the 3rd quarter. Larson Financial Group LLC now owns 672,283 shares of the company’s stock worth $37,950,000 after buying an additional 169,571 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 975,462 shares of the company’s stock worth $55,065,000 after buying an additional 160,864 shares during the period.

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

BATS:FLQM opened at $57.12 on Friday. The firm’s 50 day simple moving average is $56.27 and its 200 day simple moving average is $56.70. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $53.23 and a one year high of $58.66. The company has a market cap of $1.75 billion, a PE ratio of 16.69 and a beta of 0.98.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.