LPL Financial LLC Increases Stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

LPL Financial LLC raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 28.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,367,312 shares of the company’s stock after buying an additional 527,519 shares during the quarter. LPL Financial LLC owned about 19.65% of Franklin U.S. Mid Cap Multifactor Index ETF worth $131,859,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FLQM. Essex Financial Services Inc. lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.1% in the second quarter. Essex Financial Services Inc. now owns 15,555 shares of the company’s stock worth $798,000 after buying an additional 327 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% during the second quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock valued at $35,000 after purchasing an additional 350 shares in the last quarter. HBW Advisory Services LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.0% during the 3rd quarter. HBW Advisory Services LLC now owns 19,893 shares of the company’s stock valued at $1,108,000 after buying an additional 393 shares in the last quarter. Clear Point Advisors Inc. lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.3% in the first quarter. Clear Point Advisors Inc. now owns 12,886 shares of the company’s stock valued at $689,000 after acquiring an additional 410 shares in the last quarter. Finally, Aspire Wealth Management Corp boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% in the 3rd quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock worth $74,000 after purchasing an additional 492 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 1.2 %

FLQM opened at $58.02 on Friday. The firm has a 50-day simple moving average of $55.71 and a two-hundred day simple moving average of $53.53. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $25.35 and a 52 week high of $28.79. The company has a market capitalization of $699.14 million, a PE ratio of 16.96 and a beta of 0.90.

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.