Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 39.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,662 shares of the company’s stock after selling 81,815 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.03% of Franklin U.S. Mid Cap Multifactor Index ETF worth $6,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLQM. Assetmark Inc. acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth about $29,000. Providence Capital Advisors LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth approximately $63,000. Sanctuary Advisors LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at approximately $200,000. Farther Finance Advisors LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,729 shares of the company’s stock valued at $203,000 after purchasing an additional 216 shares during the period. Finally, Wintrust Investments LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth approximately $225,000.

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

BATS:FLQM opened at $52.42 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $49.72 and a 1-year high of $59.07. The firm’s fifty day moving average price is $54.82 and its 200 day moving average price is $55.41. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 17.08 and a beta of 1.05.

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.