Flynn Zito Capital Management LLC Sells 50,861 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Flynn Zito Capital Management LLC lowered its holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 16.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,790 shares of the company’s stock after selling 50,861 shares during the period. Franklin U.S. Mid Cap Multifactor Index ETF accounts for 4.7% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Flynn Zito Capital Management LLC owned about 0.87% of Franklin U.S. Mid Cap Multifactor Index ETF worth $14,600,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FLQM. Great Valley Advisor Group Inc. grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1.0% in the 4th quarter. Great Valley Advisor Group Inc. now owns 17,726 shares of the company’s stock valued at $997,000 after buying an additional 177 shares during the period. Beaumont Financial Advisors LLC boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.3% in the fourth quarter. Beaumont Financial Advisors LLC now owns 16,673 shares of the company’s stock worth $938,000 after acquiring an additional 214 shares during the last quarter. Pinnacle Financial Partners Inc. grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 2.6% in the third quarter. Pinnacle Financial Partners Inc. now owns 8,835 shares of the company’s stock valued at $499,000 after purchasing an additional 220 shares during the period. Capital Investment Advisory Services LLC increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock worth $97,000 after purchasing an additional 221 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 14,585 shares of the company’s stock worth $821,000 after purchasing an additional 275 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.7%

Shares of FLQM opened at $58.67 on Wednesday. The firm has a market cap of $1.80 billion, a PE ratio of 16.69 and a beta of 0.98. The company’s fifty day moving average is $57.31 and its two-hundred day moving average is $57.02. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $53.64 and a fifty-two week high of $59.72.

Franklin U.S. Mid Cap Multifactor Index ETF 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.