Commonwealth Equity Services LLC Has $5.75 Million Stake in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Commonwealth Equity Services LLC lowered its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 30.9% during the fourth quarter, Holdings Channel reports. The firm owned 102,248 shares of the company’s stock after selling 45,802 shares during the period. Commonwealth Equity Services LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $5,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLQM. Jane Street Group LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth approximately $1,528,000. NewEdge Advisors LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after purchasing an additional 326 shares during the period. Raymond James Financial Inc. lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after purchasing an additional 62,992 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock worth $143,407,000 after purchasing an additional 43,120 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after purchasing an additional 177,777 shares during the period.

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

Shares of BATS FLQM opened at $57.12 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $53.23 and a 52-week high of $58.66. The company’s 50 day moving average price is $56.27 and its 200-day moving average price is $56.70.

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.