Thrivent Financial for Lutherans Makes New Investment in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Thrivent Financial for Lutherans acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,599 shares of the company’s stock, valued at approximately $2,734,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $51,000. NewEdge Advisors LLC boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after buying an additional 326 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake 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 buying an additional 221 shares during the last quarter. Keystone Financial Group acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $214,000. Finally, JPMorgan Chase & Co. boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 45,360.0% during the third quarter. JPMorgan Chase & Co. now owns 4,546 shares of the company’s stock worth $257,000 after buying an additional 4,536 shares during the last quarter.

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

BATS:FLQM opened at $56.87 on Monday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $52.67 and a 52 week high of $58.66. The company has a market capitalization of $1.74 billion, a P/E ratio of 16.69 and a beta of 0.98. The stock’s fifty day moving average is $55.87 and its two-hundred day moving average is $56.60.

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.