Flynn Zito Capital Management LLC Decreases Position in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Flynn Zito Capital Management LLC lowered its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 5.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 303,080 shares of the company’s stock after selling 16,841 shares during the period. Franklin U.S. Mid Cap Multifactor Index ETF comprises about 6.3% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Flynn Zito Capital Management LLC owned about 0.99% of Franklin U.S. Mid Cap Multifactor Index ETF worth $17,109,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter valued at about $53,000. NewEdge Advisors LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after purchasing an additional 326 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at approximately $84,000. Cozad Asset Management Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 2nd quarter worth approximately $292,000. Finally, Personal CFO Solutions LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 2nd quarter valued at approximately $373,000.

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

BATS FLQM opened at $57.23 on Wednesday. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $46.23 and a fifty-two week high of $59.07. The stock has a market cap of $1.75 billion, a PE ratio of 16.69 and a beta of 0.98. The firm’s fifty day moving average price is $57.15 and its two-hundred day moving average price is $56.36.

Franklin U.S. Mid Cap Multifactor Index ETF 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.