Diversify Wealth Management LLC Invests $959,000 in Franklin Intelligent Machines ETF $IQM

Diversify Wealth Management LLC bought a new stake in Franklin Intelligent Machines ETF (BATS:IQM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,843 shares of the company’s stock, valued at approximately $959,000. Diversify Wealth Management LLC owned approximately 2.41% of Franklin Intelligent Machines ETF as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Members Advisory Group LLC grew its holdings in Franklin Intelligent Machines ETF by 1,552.3% during the fourth quarter. Members Advisory Group LLC now owns 123,989 shares of the company’s stock worth $10,838,000 after buying an additional 116,485 shares in the last quarter. Cetera Investment Advisers lifted its stake in Franklin Intelligent Machines ETF by 66.2% during the 4th quarter. Cetera Investment Advisers now owns 41,996 shares of the company’s stock valued at $3,671,000 after acquiring an additional 16,729 shares in the last quarter. Citadel Advisors LLC lifted its stake in Franklin Intelligent Machines ETF by 84.1% during the 3rd quarter. Citadel Advisors LLC now owns 24,609 shares of the company’s stock valued at $2,148,000 after acquiring an additional 11,239 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Franklin Intelligent Machines ETF by 13.2% during the 4th quarter. Osaic Holdings Inc. now owns 23,048 shares of the company’s stock worth $2,015,000 after acquiring an additional 2,685 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in Franklin Intelligent Machines ETF by 69.9% during the 4th quarter. Diversify Advisory Services LLC now owns 11,802 shares of the company’s stock worth $1,141,000 after acquiring an additional 4,856 shares during the last quarter.

Franklin Intelligent Machines ETF Price Performance

BATS IQM opened at $104.47 on Friday. Franklin Intelligent Machines ETF has a 1 year low of $75.64 and a 1 year high of $126.21. The firm has a market cap of $47.01 million, a price-to-earnings ratio of 47.30 and a beta of 1.46. The company has a fifty day moving average price of $115.40 and a 200-day moving average price of $102.09.

About Franklin Intelligent Machines ETF

The Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines. IQM was launched on Feb 25, 2020 and is managed by Franklin Templeton.