Members Advisory Group LLC Boosts Stock Position in Franklin Intelligent Machines ETF $IQM

Members Advisory Group LLC boosted its holdings in shares of Franklin Intelligent Machines ETF (BATS:IQM) by 404.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,751 shares of the company’s stock after purchasing an additional 157,782 shares during the quarter. Franklin Intelligent Machines ETF comprises approximately 6.8% of Members Advisory Group LLC’s holdings, making the stock its 5th largest position. Members Advisory Group LLC owned about 43.72% of Franklin Intelligent Machines ETF worth $24,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cetera Investment Advisers increased its stake in Franklin Intelligent Machines ETF by 116.3% in the first quarter. Cetera Investment Advisers now owns 90,839 shares of the company’s stock valued at $8,035,000 after acquiring an additional 48,843 shares during the period. Citadel Advisors LLC increased its position in shares of Franklin Intelligent Machines ETF by 84.1% during the 3rd quarter. Citadel Advisors LLC now owns 24,609 shares of the company’s stock worth $2,148,000 after purchasing an additional 11,239 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Franklin Intelligent Machines ETF during the 1st quarter worth about $959,000. Flow Traders U.S. LLC bought a new position in Franklin Intelligent Machines ETF during the 3rd quarter valued at about $691,000. Finally, Jane Street Group LLC bought a new position in Franklin Intelligent Machines ETF during the 4th quarter valued at about $376,000.

Franklin Intelligent Machines ETF Trading Up 2.8%

Shares of Franklin Intelligent Machines ETF stock opened at $106.38 on Friday. The stock has a market capitalization of $47.87 million, a price-to-earnings ratio of 47.30 and a beta of 1.46. The firm’s 50-day moving average price is $107.73 and its two-hundred day moving average price is $105.32. Franklin Intelligent Machines ETF has a 1-year low of $79.59 and a 1-year high of $126.21.

Franklin Intelligent Machines ETF Profile

The Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines. IQM was launched on Feb 25, 2020 and is managed by Franklin Templeton.