AllGen Financial Advisors Inc. Sells 17,204 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

AllGen Financial Advisors Inc. decreased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 159,756 shares of the company’s stock after selling 17,204 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF accounts for about 2.1% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. AllGen Financial Advisors Inc. owned 0.52% of Franklin U.S. Mid Cap Multifactor Index ETF worth $8,988,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock valued at $143,407,000 after buying an additional 43,120 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.1% in the third quarter. Raymond James Financial Inc. now owns 1,793,802 shares of the company’s stock valued at $101,260,000 after purchasing an additional 36,383 shares during the period. Orgel Wealth Management LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.6% in the fourth quarter. Orgel Wealth Management LLC now owns 1,510,839 shares of the company’s stock valued at $85,000,000 after purchasing an additional 107,072 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 975,462 shares of the company’s stock valued at $55,065,000 after purchasing an additional 160,864 shares during the period. Finally, Harbor Group Inc. boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 13.9% in the fourth quarter. Harbor Group Inc. now owns 826,653 shares of the company’s stock valued at $46,507,000 after purchasing an additional 101,173 shares during the period.

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

Shares of BATS FLQM opened at $56.44 on Thursday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The stock has a 50 day moving average price of $56.64 and a 200 day moving average price of $56.52. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $46.32 and a 52-week high of $58.66.

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.