Orgel Wealth Management LLC Has $83.49 Million Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Orgel Wealth Management LLC boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 165.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,537,350 shares of the company’s stock after buying an additional 958,040 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF makes up about 2.2% of Orgel Wealth Management LLC’s portfolio, making the stock its 17th largest position. Orgel Wealth Management LLC owned about 0.13% of Franklin U.S. Mid Cap Multifactor Index ETF worth $83,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FLQM. Franklin Resources Inc. grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 8.2% during the third quarter. Franklin Resources Inc. now owns 14,084 shares of the company’s stock worth $790,000 after purchasing an additional 1,066 shares during the period. CWM LLC grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% during the 3rd quarter. CWM LLC now owns 1,035,544 shares of the company’s stock worth $57,680,000 after buying an additional 274,529 shares during the period. AQR Capital Management LLC increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 49.7% in the 2nd quarter. AQR Capital Management LLC now owns 8,180 shares of the company’s stock valued at $420,000 after acquiring an additional 2,716 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 15,414 shares of the company’s stock valued at $859,000 after acquiring an additional 1,069 shares during the period. Finally, ProVise Management Group LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 2nd quarter worth approximately $283,000.

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

Shares of BATS FLQM opened at $56.03 on Friday. The firm has a 50 day moving average price of $56.27 and a 200 day moving average price of $54.82. The stock has a market cap of $675.19 million, a P/E ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $25.35 and a 52-week high of $28.79.

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.