Bogart Wealth LLC Trims Position in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Bogart Wealth LLC decreased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 99.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,802 shares of the company’s stock after selling 738,221 shares during the quarter. Bogart Wealth LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $102,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock worth $143,407,000 after acquiring an additional 43,120 shares during the period. Raymond James Financial Inc. raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock valued at $95,445,000 after buying an additional 62,992 shares in the last quarter. Orgel Wealth Management LLC raised its position in Franklin U.S. Mid Cap Multifactor Index ETF by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 1,403,767 shares of the company’s stock valued at $79,243,000 after purchasing an additional 63,528 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 144.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 814,598 shares of the company’s stock worth $44,241,000 after buying an additional 481,080 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 38.9% during the second quarter. Cetera Investment Advisers now owns 767,895 shares of the company’s stock worth $41,704,000 after buying an additional 215,005 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 2.3%

Shares of FLQM opened at $57.85 on Wednesday. The company’s fifty day simple moving average is $56.46 and its 200-day simple moving average is $56.07. The company has a market cap of $1.77 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $46.23 and a twelve 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.