Park Avenue Securities LLC Takes $741,000 Position in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Park Avenue Securities LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,644 shares of the company’s stock, valued at approximately $741,000.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 22.1% in the 1st quarter. Royal Bank of Canada now owns 350,852 shares of the company’s stock valued at $18,598,000 after purchasing an additional 63,617 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter valued at about $320,000. Atria Wealth Solutions Inc. increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 2.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 10,831 shares of the company’s stock valued at $574,000 after acquiring an additional 300 shares in the last quarter. WCG Wealth Advisors LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 508.5% during the 1st quarter. WCG Wealth Advisors LLC now owns 80,606 shares of the company’s stock worth $4,273,000 after purchasing an additional 67,359 shares during the last quarter. Finally, Flynn Zito Capital Management LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.1% during the 1st quarter. Flynn Zito Capital Management LLC now owns 317,710 shares of the company’s stock worth $16,842,000 after purchasing an additional 82,586 shares during the last quarter.

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

FLQM opened at $56.48 on Friday. The company’s 50 day simple moving average is $56.10 and its 200 day simple moving average is $53.94. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $46.23 and a 1 year high of $59.07. The stock has a market capitalization of $1.73 billion, a PE ratio of 16.69 and a beta of 0.98.

Franklin U.S. Mid Cap Multifactor Index ETF Company 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.