Piedmont Capital Management LLC NC Purchases New Holdings in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Piedmont Capital Management LLC NC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) in the fourth quarter, Holdings Channel.com reports. The firm purchased 176,572 shares of the company’s stock, valued at approximately $9,934,000. Franklin U.S. Mid Cap Multifactor Index ETF accounts for about 6.5% of Piedmont Capital Management LLC NC’s investment portfolio, making the stock its 3rd largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLQM. Eagle Wealth Strategies LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 102.9% in the third quarter. Eagle Wealth Strategies LLC now owns 390,301 shares of the company’s stock valued at $22,032,000 after purchasing an additional 197,968 shares during the last quarter. TrustBank bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter worth approximately $10,271,000. Bank of America Corp DE lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% during the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after buying an additional 177,777 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1,269.9% during the 4th quarter. Orion Porfolio Solutions LLC now owns 186,362 shares of the company’s stock worth $10,485,000 after buying an additional 172,758 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 33.7% during the 3rd quarter. Larson Financial Group LLC now owns 672,283 shares of the company’s stock worth $37,950,000 after buying an additional 169,571 shares during the last quarter.

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

BATS:FLQM opened at $58.15 on Monday. The business’s 50 day moving average is $56.57 and its two-hundred day moving average is $56.81. 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 has a market cap of $1.78 billion, a PE ratio of 16.69 and a beta of 0.98.

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.