World Equity Group Inc. Sells 7,344 Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

World Equity Group Inc. cut its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 32.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,506 shares of the company’s stock after selling 7,344 shares during the quarter. World Equity Group Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $842,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Pinnacle Financial Partners Inc boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 78.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 8,615 shares of the company’s stock valued at $468,000 after purchasing an additional 3,800 shares in the last quarter. Sigma Planning Corp increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 252.2% in the 4th quarter. Sigma Planning Corp now owns 27,468 shares of the company’s stock worth $1,492,000 after buying an additional 19,668 shares in the last quarter. Pacific Sun Financial Corp lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 3.9% during the fourth quarter. Pacific Sun Financial Corp now owns 6,922 shares of the company’s stock valued at $376,000 after purchasing an additional 260 shares during the period. Private Advisor Group LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.1% in the 4th quarter. Private Advisor Group LLC now owns 384,946 shares of the company’s stock worth $20,906,000 after buying an additional 35,203 shares during the last quarter. Finally, Financial Consulate Inc. boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 4.0% in the fourth quarter. Financial Consulate Inc. now owns 318,554 shares of the company’s stock worth $17,301,000 after purchasing an additional 12,118 shares during the last quarter.

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

BATS:FLQM opened at $54.79 on Friday. The business has a fifty day moving average price of $55.38 and a 200-day moving average price of $55.41. The firm has a market capitalization of $660.22 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $25.35 and a one year high of $28.79.

Franklin U.S. Mid Cap Multifactor Index ETF Profile

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.