Hazlett Burt & Watson Inc. Raises Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Hazlett Burt & Watson Inc. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,351 shares of the company’s stock after buying an additional 2,961 shares during the quarter. Hazlett Burt & Watson Inc. owned 0.19% of Franklin U.S. Mid Cap Multifactor Index ETF worth $1,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FLQM. Orion Portfolio Solutions LLC increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 2.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 12,803 shares of the company’s stock worth $695,000 after acquiring an additional 312 shares during the last quarter. LPL Financial LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 2,526,850 shares of the company’s stock valued at $137,233,000 after purchasing an additional 159,538 shares during the last quarter. TAP Consulting LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter valued at $1,163,000. ProVise Management Group LLC lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 19.5% in the fourth quarter. ProVise Management Group LLC now owns 9,220 shares of the company’s stock worth $501,000 after buying an additional 1,505 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 12.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 48,999 shares of the company’s stock worth $2,661,000 after buying an additional 5,427 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 4.6 %

FLQM stock opened at $52.53 on Monday. The firm’s fifty day simple moving average is $54.63 and its two-hundred day simple moving average is $55.43. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 17.08 and a beta of 1.05. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $49.72 and a twelve month high of $59.07.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

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.