Franklin U.S. Mid Cap Multifactor Index ETF $FLQM Holdings Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 19.8% during the first quarter, Holdings Channel reports. The firm owned 125,824 shares of the company’s stock after buying an additional 20,812 shares during the period. NewEdge Advisors LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $6,912,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth $50,000. Comerica Bank acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth about $51,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth about $52,000. Capital Investment Advisory Services LLC lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock valued at $97,000 after purchasing an additional 221 shares during the last quarter. Finally, Keystone Financial Group acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at about $214,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 1.5%

BATS FLQM opened at $60.26 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $53.72 and a 52 week high of $61.71. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The company has a 50-day moving average price of $58.18 and a two-hundred day moving average price of $57.24.

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.