Members Advisory Group LLC Decreases Stake in Franklin Intelligent Machines ETF $IQM

Members Advisory Group LLC cut its holdings in shares of Franklin Intelligent Machines ETF (BATS:IQM) by 68.6% during the first quarter, HoldingsChannel.com reports. The fund owned 38,969 shares of the company’s stock after selling 85,020 shares during the period. Franklin Intelligent Machines ETF accounts for about 1.2% of Members Advisory Group LLC’s holdings, making the stock its 21st largest holding. Members Advisory Group LLC owned 0.09% of Franklin Intelligent Machines ETF worth $3,447,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Diversify Advisory Services LLC boosted its holdings in shares of Franklin Intelligent Machines ETF by 13.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 5,595 shares of the company’s stock worth $455,000 after purchasing an additional 671 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Franklin Intelligent Machines ETF by 26.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,212 shares of the company’s stock valued at $765,000 after buying an additional 2,143 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Franklin Intelligent Machines ETF in the 3rd quarter worth $361,000. Citadel Advisors LLC increased its stake in shares of Franklin Intelligent Machines ETF by 84.1% in the 3rd quarter. Citadel Advisors LLC now owns 24,609 shares of the company’s stock worth $2,148,000 after acquiring an additional 11,239 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of Franklin Intelligent Machines ETF during the 3rd quarter worth $691,000.

Franklin Intelligent Machines ETF Trading Down 1.6%

Shares of IQM opened at $109.71 on Thursday. The company’s 50-day moving average price is $115.51 and its 200 day moving average price is $101.99. Franklin Intelligent Machines ETF has a 12-month low of $75.56 and a 12-month high of $126.21. The firm has a market cap of $49.37 million, a P/E ratio of 47.30 and a beta of 1.46.

Franklin Intelligent Machines ETF Profile

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.