Advisory Services Network LLC Increases Stake in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Advisory Services Network LLC boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 20.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,928 shares of the company’s stock after purchasing an additional 11,152 shares during the quarter. Advisory Services Network LLC owned about 0.21% of Franklin U.S. Mid Cap Multifactor Index ETF worth $3,546,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 2nd quarter valued at $53,000. NewEdge Advisors LLC raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after buying an additional 326 shares during the period. Intrua Financial LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth $212,000. Cozad Asset Management Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter valued at $292,000. Finally, MBL Wealth LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter valued at about $303,000.

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

Shares of BATS:FLQM opened at $56.94 on Wednesday. The business has a 50-day moving average of $55.88 and a two-hundred day moving average of $55.60. The firm has a market capitalization of $1.75 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $46.23 and a 12 month high of $59.07.

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.