Members Advisory Group LLC Takes Position in Franklin Intelligent Machines ETF $IQM

Members Advisory Group LLC acquired a new position in shares of Franklin Intelligent Machines ETF (BATS:IQM) in the third quarter, Holdings Channel reports. The fund acquired 7,504 shares of the company’s stock, valued at approximately $655,000.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its stake in Franklin Intelligent Machines ETF by 66.8% in the second quarter. Cetera Investment Advisers now owns 15,239 shares of the company’s stock valued at $1,142,000 after acquiring an additional 6,104 shares during the period. Osaic Holdings Inc. lifted its stake in Franklin Intelligent Machines ETF by 26.6% during the second quarter. Osaic Holdings Inc. now owns 10,212 shares of the company’s stock worth $765,000 after purchasing an additional 2,143 shares during the period. EWG Elevate Inc. acquired a new stake in Franklin Intelligent Machines ETF during the third quarter valued at approximately $497,000. Diversify Advisory Services LLC grew its stake in shares of Franklin Intelligent Machines ETF by 13.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 5,595 shares of the company’s stock valued at $455,000 after purchasing an additional 671 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Franklin Intelligent Machines ETF by 13.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,256 shares of the company’s stock valued at $319,000 after purchasing an additional 500 shares during the period.

Franklin Intelligent Machines ETF Trading Up 32.3%

Shares of IQM opened at $90.99 on Tuesday. The stock has a market cap of $40.95 million, a PE ratio of 47.30 and a beta of 1.46. Franklin Intelligent Machines ETF has a 1 year low of $48.28 and a 1 year high of $78.05. The stock has a 50 day simple moving average of $88.75 and a 200-day simple moving average of $83.93.

About Franklin Intelligent Machines ETF

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.