Janney Montgomery Scott LLC Increases Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Janney Montgomery Scott LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 15.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 204,337 shares of the company’s stock after acquiring an additional 28,045 shares during the period. Janney Montgomery Scott LLC owned approximately 0.67% of Franklin U.S. Mid Cap Multifactor Index ETF worth $11,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLQM. Jane Street Group LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter worth about $1,528,000. NewEdge Advisors LLC lifted its position 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 in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after acquiring an additional 62,992 shares during the period. Ameriprise Financial Inc. raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the second 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 holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after acquiring an additional 177,777 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 1.6%

Shares of BATS:FLQM opened at $59.17 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The business has a 50-day moving average price of $56.95 and a 200 day moving average price of $56.92. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $53.64 and a 12-month high of $59.19.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.