Commonwealth Equity Services LLC Has $3.63 Million Stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Commonwealth Equity Services LLC trimmed its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,906 shares of the company’s stock after selling 2,727 shares during the quarter. Commonwealth Equity Services LLC owned 2.18% of Franklin U.S. Mid Cap Multifactor Index ETF worth $3,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 3.3% in the 4th quarter. Bank of America Corp DE now owns 15,318 shares of the company’s stock worth $636,000 after buying an additional 493 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter worth $26,000. Equitable Holdings Inc. boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 7.2% during the first quarter. Equitable Holdings Inc. now owns 10,978 shares of the company’s stock valued at $494,000 after purchasing an additional 739 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 11.1% in the first quarter. Geneos Wealth Management Inc. now owns 7,416 shares of the company’s stock valued at $333,000 after purchasing an additional 741 shares in the last quarter. Finally, Integrity Financial Corp WA increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 8.1% in the 1st quarter. Integrity Financial Corp WA now owns 19,831 shares of the company’s stock worth $858,000 after purchasing an additional 1,482 shares during the last quarter.

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

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $45.48 on Monday. The firm has a market cap of $247.88 million, a price-to-earnings ratio of 15.10 and a beta of 1.00. The stock has a 50-day simple moving average of $45.29 and a 200-day simple moving average of $43.83. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $25.35 and a 52-week high of $28.79.

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.