Franklin Intelligent Machines ETF (BATS:IQM) Shares Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC increased its position in Franklin Intelligent Machines ETF (BATS:IQM) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,175 shares of the company’s stock after purchasing an additional 400 shares during the period. Diversify Advisory Services LLC’s holdings in Franklin Intelligent Machines ETF were worth $619,000 at the end of the most recent reporting period.

Separately, Harbour Investments Inc. increased its holdings in shares of Franklin Intelligent Machines ETF by 9.3% in the 3rd quarter. Harbour Investments Inc. now owns 3,915 shares of the company’s stock valued at $248,000 after acquiring an additional 332 shares during the last quarter.

Franklin Intelligent Machines ETF Stock Performance

IQM stock opened at $71.38 on Wednesday. The firm’s 50-day moving average price is $68.07 and its 200 day moving average price is $64.23. The firm has a market cap of $24.98 million, a price-to-earnings ratio of 48.10 and a beta of 1.52.

Franklin Intelligent Machines ETF Company 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.