NewEdge Advisors LLC Raises Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

NewEdge Advisors LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,824 shares of the company’s stock after purchasing an additional 20,812 shares during the quarter. NewEdge Advisors LLC owned approximately 0.41% of Franklin U.S. Mid Cap Multifactor Index ETF worth $6,912,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FLQM. Fifth Third Bancorp bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth $50,000. Comerica Bank bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth about $51,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at about $52,000. Capital Investment Advisory Services LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock worth $97,000 after purchasing an additional 221 shares during the last quarter. Finally, Keystone Financial Group acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth about $214,000.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 1.5%

Shares of BATS FLQM opened at $60.26 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 16.69 and a beta of 0.98. The stock’s 50 day moving average price is $58.18 and its two-hundred day moving average price is $57.24. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $53.72 and a 52-week high of $61.71.

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.