HighTower Advisors LLC Buys 22,570 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

HighTower Advisors LLC increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 4.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 550,196 shares of the company’s stock after purchasing an additional 22,570 shares during the quarter. HighTower Advisors LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $30,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth approximately $51,000. NewEdge Advisors LLC boosted its holdings 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 buying an additional 326 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock valued at $97,000 after buying an additional 221 shares in the last quarter. Keystone Financial Group bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at $214,000. Finally, JPMorgan Chase & Co. increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 45,360.0% during the third quarter. JPMorgan Chase & Co. now owns 4,546 shares of the company’s stock worth $257,000 after buying an additional 4,536 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 0.9%

BATS FLQM opened at $56.87 on Friday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 16.69 and a beta of 0.98. The firm’s fifty day moving average price is $55.87 and its two-hundred day moving average price is $56.59. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $52.67 and a 1 year high of $58.66.

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.