Franklin U.S. Mid Cap Multifactor Index ETF $FLQM Shares Bought by IAG Wealth Partners LLC

IAG Wealth Partners LLC grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 20.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 56,230 shares of the company’s stock after buying an additional 9,658 shares during the quarter. IAG Wealth Partners LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after purchasing an additional 326 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $84,000. JPMorgan Chase & Co. grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 45,360.0% during the third quarter. JPMorgan Chase & Co. now owns 4,546 shares of the company’s stock valued at $257,000 after buying an additional 4,536 shares during the period. Cozad Asset Management Inc. purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter valued at $292,000. Finally, Personal CFO Solutions LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter worth about $373,000.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 1.1%

FLQM stock opened at $58.54 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $46.23 and a 52-week high of $58.66. The firm has a market cap of $1.79 billion, a P/E ratio of 16.69 and a beta of 0.98. The company’s 50-day simple moving average is $57.57 and its 200-day simple moving average is $56.69.

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.