Cwm LLC Reduces Holdings in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Cwm LLC decreased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 25.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,069,726 shares of the company’s stock after selling 371,777 shares during the quarter. Cwm LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $58,097,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Ridgeline Wealth Planning LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 26.5% during the second quarter. Ridgeline Wealth Planning LLC now owns 34,534 shares of the company’s stock worth $1,876,000 after purchasing an additional 7,230 shares during the last quarter. Leo Wealth LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth about $3,215,000. MBL Wealth LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth about $303,000. Ameritas Advisory Services LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth about $53,000. Finally, Vicus Capital grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 693.1% during the second quarter. Vicus Capital now owns 41,041 shares of the company’s stock worth $2,229,000 after buying an additional 35,866 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 2.8%

BATS FLQM opened at $54.98 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $46.23 and a 52-week high of $59.07. The business’s 50-day moving average price is $56.38 and its 200 day moving average price is $54.21. The firm has a market cap of $1.69 billion, a P/E ratio of 16.69 and a beta of 0.98.

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.