Franklin Intelligent Machines ETF $IQM Shares Bought by Members Advisory Group LLC

Members Advisory Group LLC increased its stake in shares of Franklin Intelligent Machines ETF (BATS:IQM) by 404.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 196,751 shares of the company’s stock after buying an additional 157,782 shares during the period. Franklin Intelligent Machines ETF makes up 6.8% of Members Advisory Group LLC’s holdings, making the stock its 5th biggest holding. Members Advisory Group LLC owned 0.44% of Franklin Intelligent Machines ETF worth $24,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of Franklin Intelligent Machines ETF by 116.3% in the first quarter. Cetera Investment Advisers now owns 90,839 shares of the company’s stock worth $8,035,000 after acquiring an additional 48,843 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Franklin Intelligent Machines ETF by 84.1% during the third quarter. Citadel Advisors LLC now owns 24,609 shares of the company’s stock valued at $2,148,000 after purchasing an additional 11,239 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Franklin Intelligent Machines ETF in the first quarter valued at approximately $959,000. Flow Traders U.S. LLC bought a new position in Franklin Intelligent Machines ETF in the 3rd quarter worth approximately $691,000. Finally, Jane Street Group LLC bought a new position in Franklin Intelligent Machines ETF in the 4th quarter worth approximately $376,000.

Franklin Intelligent Machines ETF Stock Performance

Shares of IQM opened at $106.38 on Friday. The firm has a market capitalization of $47.87 million, a price-to-earnings ratio of 47.30 and a beta of 1.46. The business’s fifty day moving average price is $107.73 and its two-hundred day moving average price is $105.32. Franklin Intelligent Machines ETF has a 52 week low of $79.59 and a 52 week 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.