Riggs Capital Management LLC Purchases New Holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Riggs Capital Management LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,323 shares of the company’s stock, valued at approximately $2,461,000. Franklin U.S. Mid Cap Multifactor Index ETF accounts for approximately 2.4% of Riggs Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth approximately $5,855,000. Stifel Financial Corp raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 15.0% during the third quarter. Stifel Financial Corp now owns 137,612 shares of the company’s stock valued at $7,665,000 after buying an additional 17,973 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 260.7% in the third quarter. Jane Street Group LLC now owns 38,335 shares of the company’s stock worth $2,135,000 after acquiring an additional 27,707 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 15.8% in the third quarter. Orion Portfolio Solutions LLC now owns 12,491 shares of the company’s stock worth $696,000 after acquiring an additional 1,705 shares during the last quarter. Finally, MML Investors Services LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $1,002,000.

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

FLQM opened at $52.53 on Monday. The firm has a market cap of $1.43 billion, a PE ratio of 17.08 and a beta of 1.05. The stock has a 50-day moving average price of $54.63 and a 200-day moving average price of $55.43. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $49.72 and a 1 year high of $59.07.

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.