Pinnacle Financial Partners Inc Buys New Shares in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Pinnacle Financial Partners Inc purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,815 shares of the company’s stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLQM. Janney Montgomery Scott LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter valued at approximately $908,000. Kingsview Wealth Management LLC grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 16,734 shares of the company’s stock valued at $895,000 after buying an additional 484 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.0% during the 1st quarter. Osaic Holdings Inc. now owns 217,071 shares of the company’s stock worth $11,606,000 after buying an additional 56,337 shares during the last quarter. Clear Point Advisors Inc. raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.3% in the 1st quarter. Clear Point Advisors Inc. now owns 12,886 shares of the company’s stock worth $689,000 after buying an additional 410 shares during the period. Finally, Cetera Investment Advisers acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter valued at $10,548,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.7 %

FLQM stock opened at $57.04 on Friday. The stock has a 50-day moving average price of $55.31 and a two-hundred day moving average price of $53.29. The company has a market cap of $687.33 million, a PE ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $25.35 and a 12-month high of $28.79.

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.