Envestnet Asset Management Inc. Sells 15,145 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Envestnet Asset Management Inc. reduced its holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 238,119 shares of the company’s stock after selling 15,145 shares during the quarter. Envestnet Asset Management Inc. owned about 0.78% of Franklin U.S. Mid Cap Multifactor Index ETF worth $13,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jane Street Group LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth approximately $1,528,000. Bogart Wealth LLC increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 3.8% during the 2nd quarter. Bogart Wealth LLC now owns 740,023 shares of the company’s stock valued at $40,191,000 after purchasing an additional 26,941 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the second quarter. D.A. Davidson & CO. now owns 14,660 shares of the company’s stock worth $796,000 after buying an additional 246 shares during the last quarter. Trademark Financial Management LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter valued at $986,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.2% during the second quarter. Arkadios Wealth Advisors now owns 6,971 shares of the company’s stock valued at $379,000 after buying an additional 646 shares during the last quarter.

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

Shares of BATS FLQM opened at $57.87 on Tuesday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $46.23 and a fifty-two week high of $58.66. The firm’s 50-day simple moving average is $57.41 and its 200 day simple moving average is $56.54.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.