Orgel Wealth Management LLC Has $85 Million Holdings in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Orgel Wealth Management LLC increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,510,839 shares of the company’s stock after purchasing an additional 107,072 shares during the period. Franklin U.S. Mid Cap Multifactor Index ETF makes up 1.9% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Orgel Wealth Management LLC owned 4.93% of Franklin U.S. Mid Cap Multifactor Index ETF worth $85,000,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FLQM. Ameriprise Financial Inc. lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock worth $143,407,000 after buying an additional 43,120 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 1,793,802 shares of the company’s stock valued at $101,260,000 after acquiring an additional 36,383 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 975,462 shares of the company’s stock valued at $55,065,000 after acquiring an additional 160,864 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 20.9% in the 3rd quarter. Bank of America Corp DE now owns 818,615 shares of the company’s stock valued at $46,211,000 after acquiring an additional 141,331 shares in the last quarter. Finally, Harbor Group Inc. lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 14.3% in the 3rd quarter. Harbor Group Inc. now owns 725,480 shares of the company’s stock worth $40,953,000 after purchasing an additional 90,758 shares during the last quarter.

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

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $54.35 on Friday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.69 and a beta of 0.98. The stock has a 50 day moving average price of $57.35 and a two-hundred day moving average price of $56.69. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $46.23 and a 12-month high of $58.66.

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.