Oppenheimer & Co. Inc. Makes New $1.24 Million Investment in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Oppenheimer & Co. Inc. acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 21,603 shares of the company’s stock, valued at approximately $1,241,000.

A number of other institutional investors have also recently bought and sold shares of FLQM. Cetera Investment Advisers grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the first quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock valued at $79,902,000 after purchasing an additional 142,619 shares in the last quarter. Harbor Group Inc. raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the 3rd quarter. Harbor Group Inc. now owns 961,646 shares of the company’s stock worth $55,237,000 after purchasing an additional 16,330 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% during the 1st quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock worth $17,729,000 after purchasing an additional 1,072 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 288,323 shares of the company’s stock worth $16,690,000 after purchasing an additional 16,368 shares in the last quarter. Finally, Sherrill & Hutchins Financial Advisory Inc lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.4% during the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 247,178 shares of the company’s stock valued at $14,198,000 after buying an additional 993 shares during the last quarter.

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

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $62.12 on Tuesday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The stock has a 50-day simple moving average of $59.88 and a 200-day simple moving average of $58.21. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $53.87 and a 52-week high of $62.27.

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.