Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Shares Acquired by Redwood Financial Network Corp

Redwood Financial Network Corp lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,923 shares of the company’s stock after acquiring an additional 331 shares during the period. Redwood Financial Network Corp owned 0.09% of Franklin U.S. Mid Cap Multifactor Index ETF worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLQM. LPL Financial LLC raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 2,526,850 shares of the company’s stock worth $137,233,000 after purchasing an additional 159,538 shares during the last quarter. Ameriprise Financial Inc. grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,887,635 shares of the company’s stock worth $102,509,000 after purchasing an additional 786,150 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter valued at about $92,389,000. Orgel Wealth Management LLC lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 165.4% in the 4th quarter. Orgel Wealth Management LLC now owns 1,537,350 shares of the company’s stock valued at $83,494,000 after buying an additional 958,040 shares during the period. Finally, MML Investors Services LLC lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2,040.9% in the 4th quarter. MML Investors Services LLC now owns 385,089 shares of the company’s stock valued at $20,914,000 after buying an additional 367,102 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 6.8%

Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $54.05 on Thursday. The business’s 50-day moving average price is $51.56 and its 200 day moving average price is $54.41. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 16.95 and a beta of 1.00. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $46.23 and a 52 week high of $59.07.

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.