Axis Wealth Partners LLC Makes New $245,000 Investment in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Axis Wealth Partners LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,511 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 8.2% in the third quarter. Franklin Resources Inc. now owns 14,084 shares of the company’s stock valued at $790,000 after purchasing an additional 1,066 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at about $455,000. Caprock Group LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at about $231,000. Thrivent Financial for Lutherans lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 57.5% in the third quarter. Thrivent Financial for Lutherans now owns 43,572 shares of the company’s stock valued at $2,427,000 after purchasing an additional 15,909 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at about $200,000.

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

Shares of BATS FLQM opened at $54.09 on Monday. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $49.72 and a 12-month high of $59.07. The company has a market capitalization of $1.45 billion, a PE ratio of 16.92 and a beta of 1.05. The firm’s 50-day moving average is $55.22 and its two-hundred day moving average is $55.57.

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.