Financial Partners Group Inc Buys 6,621 Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Financial Partners Group Inc raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 130,949 shares of the company’s stock after purchasing an additional 6,621 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF comprises approximately 1.0% of Financial Partners Group Inc’s holdings, making the stock its 25th biggest position. Financial Partners Group Inc’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $7,112,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of FLQM. KPP Advisory Services LLC grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the fourth quarter. KPP Advisory Services LLC now owns 76,631 shares of the company’s stock valued at $4,162,000 after purchasing an additional 1,265 shares in the last quarter. Caprock Group LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter valued at approximately $231,000. Dynamic Advisor Solutions LLC increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 11.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 17,203 shares of the company’s stock worth $934,000 after acquiring an additional 1,789 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter worth approximately $333,000. Finally, Mutual Advisors LLC boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% during the 4th quarter. Mutual Advisors LLC now owns 10,566 shares of the company’s stock valued at $592,000 after acquiring an additional 1,742 shares during the last quarter.

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

FLQM stock opened at $55.82 on Monday. The firm has a market cap of $672.63 million, a PE ratio of 16.96 and a beta of 0.90. The firm has a fifty day moving average price of $56.12 and a 200 day moving average price of $55.16. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $25.35 and a fifty-two week high of $28.79.

Franklin U.S. Mid Cap Multifactor Index ETF Company 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.