Thrivent Financial for Lutherans Takes Position in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Thrivent Financial for Lutherans purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,368 shares of the company’s stock, valued at approximately $2,627,000.

Several other large investors have also recently added to or reduced their stakes in FLQM. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 144.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 814,598 shares of the company’s stock valued at $44,241,000 after buying an additional 481,080 shares during the period. Cetera Investment Advisers boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 38.9% during the second quarter. Cetera Investment Advisers now owns 767,895 shares of the company’s stock valued at $41,704,000 after purchasing an additional 215,005 shares during the last quarter. Bank of America Corp DE grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after purchasing an additional 177,777 shares in the last quarter. Harbor Group Inc. grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 25.8% in the second quarter. Harbor Group Inc. now owns 634,722 shares of the company’s stock valued at $34,488,000 after purchasing an additional 130,091 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 61.0% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 332,994 shares of the company’s stock worth $17,652,000 after purchasing an additional 126,214 shares during the last quarter.

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

FLQM opened at $57.20 on Tuesday. The company has a market capitalization of $1.75 billion, a PE 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 $59.07. The business has a 50-day moving average of $55.98 and a 200-day moving average of $55.69.

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.