Bank of America Corp DE Has $18.67 Million Stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Bank of America Corp DE lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 343,722 shares of the company’s stock after purchasing an additional 18,985 shares during the quarter. Bank of America Corp DE owned 2.85% of Franklin U.S. Mid Cap Multifactor Index ETF worth $18,668,000 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 FLQM. Franklin Resources Inc. raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 8.2% during the 3rd quarter. Franklin Resources Inc. now owns 14,084 shares of the company’s stock worth $790,000 after purchasing an additional 1,066 shares in the last quarter. Caprock Group LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth approximately $231,000. Park Avenue Securities LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter valued at approximately $455,000. Raymond James Financial Inc. acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $92,389,000. Finally, Cerity Partners LLC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth approximately $332,000.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 8.2%

Shares of FLQM opened at $54.76 on Wednesday. The company’s fifty day moving average is $51.76 and its 200-day moving average is $54.40. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $46.23 and a 12 month high of $59.07. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 16.95 and a beta of 1.00.

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.