Orgel Wealth Management LLC Has $85 Million Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Orgel Wealth Management LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,510,839 shares of the company’s stock after acquiring an additional 107,072 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF makes up approximately 1.9% of Orgel Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Orgel Wealth Management LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $85,000,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Comerica Bank acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth approximately $51,000. NewEdge Advisors LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the second 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 position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth approximately $84,000. Keystone Financial Group acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth $214,000. Finally, JPMorgan Chase & Co. boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 45,360.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,546 shares of the company’s stock valued at $257,000 after buying an additional 4,536 shares during the last quarter.

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

BATS FLQM opened at $54.35 on Friday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $46.23 and a 52 week high of $58.66. The stock has a fifty day moving average of $57.35 and a 200-day moving average of $56.69.

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.