Empirical Asset Management LLC Decreases Stake in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Empirical Asset Management LLC cut its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 50.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,656 shares of the company’s stock after selling 15,153 shares during the period. Empirical Asset Management LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $827,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. AllGen Financial Advisors Inc. raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 8.6% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 176,960 shares of the company’s stock valued at $9,989,000 after buying an additional 14,017 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 7.3% during the third quarter. Redhawk Wealth Advisors Inc. now owns 182,198 shares of the company’s stock valued at $10,285,000 after acquiring an additional 12,364 shares during the last quarter. Cozad Asset Management Inc. bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter valued at about $292,000. Forefront Wealth Partners LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth about $649,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 45,276 shares of the company’s stock valued at $2,459,000 after purchasing an additional 11,856 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.1%

BATS FLQM opened at $57.91 on Thursday. The company has a 50-day moving average price of $57.54 and a 200-day moving average price of $56.67. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $46.23 and a 52 week high of $58.66. The firm has a market capitalization 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 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.