Raymond James Financial Services Advisors Inc. Invests $1.99 Million in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Raymond James Financial Services Advisors Inc. purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Rating) in the fourth quarter, Holdings Channel reports. The fund purchased 47,887 shares of the company’s stock, valued at approximately $1,989,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the fourth quarter. Raymond James & Associates now owns 18,460 shares of the company’s stock valued at $767,000 after buying an additional 1,811 shares during the last quarter. UBS Group AG purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth approximately $89,000. Paul Damon & Associates Inc. purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter valued at $2,462,000. Commonwealth Equity Services LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at $3,597,000. Finally, LPL Financial LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 131.1% during the fourth quarter. LPL Financial LLC now owns 744,294 shares of the company’s stock worth $30,909,000 after purchasing an additional 422,273 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.9 %

Shares of BATS FLQM opened at $42.07 on Thursday. The stock has a market cap of $161.97 million, a PE ratio of 14.51 and a beta of 1.00. 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 business has a 50-day moving average price of $42.79 and a 200 day moving average price of $42.95.

Franklin U.S. Mid Cap Multifactor Index ETF Profile

(Get Rating)

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.