Janney Montgomery Scott LLC Raises Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Janney Montgomery Scott LLC lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 19.6% during the first quarter, Holdings Channel reports. The institutional investor owned 141,195 shares of the company’s stock after buying an additional 23,131 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $7,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter worth approximately $92,389,000. Ameriprise Financial Inc. lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,887,635 shares of the company’s stock valued at $102,509,000 after acquiring an additional 786,150 shares during the period. MML Investors Services LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 2,040.9% during the 4th quarter. MML Investors Services LLC now owns 385,089 shares of the company’s stock valued at $20,914,000 after acquiring an additional 367,102 shares during the period. Harbor Group Inc. lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 97.8% during the 1st quarter. Harbor Group Inc. now owns 504,631 shares of the company’s stock valued at $26,750,000 after acquiring an additional 249,483 shares during the period. Finally, Eagle Wealth Strategies LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter valued at approximately $10,420,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 5.6%

Shares of BATS FLQM opened at $53.44 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $46.23 and a 12 month high of $59.07. The company has a 50 day simple moving average of $52.78 and a two-hundred day simple moving average of $53.84. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 16.95 and a beta of 0.98.

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.