Envestnet Asset Management Inc. Reduces Stock Position in Franklin U.S. Large Cap Multifactor Index ETF $FLQL

Envestnet Asset Management Inc. cut its position in Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) by 29.5% during the third quarter, Holdings Channel reports. The firm owned 102,679 shares of the company’s stock after selling 43,054 shares during the period. Envestnet Asset Management Inc.’s holdings in Franklin U.S. Large Cap Multifactor Index ETF were worth $7,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLQL. Wilmington Savings Fund Society FSB purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the third quarter valued at approximately $39,000. Qube Research & Technologies Ltd acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at approximately $81,000. Root Financial Partners LLC purchased a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter valued at $184,000. TIAA Trust National Association acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the second quarter worth $211,000. Finally, National Wealth Management Group LLC increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 6.0% in the second quarter. National Wealth Management Group LLC now owns 5,332 shares of the company’s stock worth $337,000 after acquiring an additional 301 shares during the period.

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

BATS FLQL opened at $71.76 on Friday. Franklin U.S. Large Cap Multifactor Index ETF has a 1 year low of $48.65 and a 1 year high of $72.39. The company has a market capitalization of $1.74 billion, a PE ratio of 24.11 and a beta of 0.95. The company has a fifty day moving average of $70.62 and a 200 day moving average of $68.78.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.