Envestnet Asset Management Inc. Trims Stock Position in Franklin U.S. Large Cap Multifactor Index ETF $FLQL

Envestnet Asset Management Inc. lessened its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) by 29.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,679 shares of the company’s stock after selling 43,054 shares during the period. Envestnet Asset Management Inc. owned about 0.42% of Franklin U.S. Large Cap Multifactor Index ETF worth $7,026,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 18.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 161,707 shares of the company’s stock worth $10,998,000 after buying an additional 24,824 shares during the period. Howard Capital Management Inc. raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 47.1% in the third quarter. Howard Capital Management Inc. now owns 124,905 shares of the company’s stock valued at $8,547,000 after acquiring an additional 39,965 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 11.4% in the third quarter. Cornerstone Wealth Management LLC now owns 91,677 shares of the company’s stock worth $6,273,000 after acquiring an additional 9,372 shares during the period. Sagespring Wealth Partners LLC grew its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 0.5% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 31,668 shares of the company’s stock worth $2,167,000 after acquiring an additional 173 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter worth about $184,000.

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

BATS FLQL opened at $71.76 on Friday. Franklin U.S. Large Cap Multifactor Index ETF has a one year low of $48.65 and a one year high of $72.39. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The company’s 50-day simple moving average is $70.62 and its two-hundred day simple moving average is $68.78.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.