Cetera Investment Advisers Acquires 48,843 Shares of Franklin Intelligent Machines ETF $IQM

Cetera Investment Advisers increased its holdings in Franklin Intelligent Machines ETF (BATS:IQM) by 116.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,839 shares of the company’s stock after acquiring an additional 48,843 shares during the period. Cetera Investment Advisers owned about 20.19% of Franklin Intelligent Machines ETF worth $8,035,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Members Advisory Group LLC grew its position in Franklin Intelligent Machines ETF by 1,552.3% during the fourth quarter. Members Advisory Group LLC now owns 123,989 shares of the company’s stock valued at $10,838,000 after purchasing an additional 116,485 shares in the last quarter. Diversify Wealth Management LLC purchased a new stake in Franklin Intelligent Machines ETF in the 1st quarter worth approximately $959,000. Osaic Holdings Inc. boosted its stake in shares of Franklin Intelligent Machines ETF by 13.2% during the 4th quarter. Osaic Holdings Inc. now owns 23,048 shares of the company’s stock valued at $2,015,000 after buying an additional 2,685 shares during the period. Jane Street Group LLC acquired a new stake in shares of Franklin Intelligent Machines ETF during the 4th quarter valued at $376,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Franklin Intelligent Machines ETF by 47.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,697 shares of the company’s stock worth $673,000 after acquiring an additional 2,477 shares during the last quarter.

Franklin Intelligent Machines ETF Trading Up 0.6%

IQM opened at $102.49 on Friday. The stock has a fifty day moving average price of $113.36 and a 200 day moving average price of $103.03. Franklin Intelligent Machines ETF has a 1 year low of $76.51 and a 1 year high of $126.21. The stock has a market cap of $46.12 million, a price-to-earnings ratio of 47.30 and a beta of 1.46.

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.