IFP Advisors Inc Acquires 6,316 Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

IFP Advisors Inc boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,272 shares of the company’s stock after buying an additional 6,316 shares during the period. IFP Advisors Inc owned approximately 0.88% of Franklin U.S. Mid Cap Multifactor Index ETF worth $5,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Providence Capital Advisors LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at $63,000. Aspire Wealth Management Corp raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% during the third quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock valued at $74,000 after purchasing an additional 492 shares during the period. Signaturefd LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at about $90,000. Farther Finance Advisors LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at about $196,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at about $200,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.5 %

Shares of BATS FLQM opened at $54.79 on Monday. The firm’s 50-day moving average price is $55.38 and its 200-day moving average price is $55.44. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $25.35 and a 1-year high of $28.79. The firm has a market capitalization of $660.22 million, a P/E ratio of 16.96 and a beta of 0.90.

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.