Janney Montgomery Scott LLC Increases Stake in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Janney Montgomery Scott LLC increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 15.9% during the 1st quarter, Holdings Channel reports. The fund owned 204,337 shares of the company’s stock after purchasing an additional 28,045 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $11,224,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at $51,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter valued at approximately $52,000. NewEdge Advisors LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after acquiring an additional 326 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock worth $97,000 after acquiring an additional 221 shares during the last quarter. Finally, Keystone Financial Group purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth approximately $214,000.

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

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $59.17 on Friday. The firm’s fifty day simple moving average is $56.95 and its 200-day simple moving average is $56.92. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $53.64 and a 12 month high of $59.19. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.

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.