Northwestern Mutual Wealth Management Co. Decreases Position in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 965,916 shares of the company’s stock after selling 9,546 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 3.15% of Franklin U.S. Mid Cap Multifactor Index ETF worth $54,342,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FLQM. Jane Street Group LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter worth approximately $1,528,000. NewEdge Advisors LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after purchasing an additional 326 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% during the second quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after purchasing an additional 62,992 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock worth $143,407,000 after purchasing an additional 43,120 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% during the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after purchasing an additional 177,777 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.3%

FLQM stock opened at $56.94 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $52.67 and a fifty-two week high of $58.66. The business has a 50 day moving average price of $56.05 and a 200 day moving average price of $56.66. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.

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.