LPL Financial LLC Trims Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

LPL Financial LLC lowered its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,883,203 shares of the company’s stock after selling 207,300 shares during the period. LPL Financial LLC owned 9.41% of Franklin U.S. Mid Cap Multifactor Index ETF worth $162,209,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Leo Wealth LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter valued at approximately $1,025,000. IAG Wealth Partners LLC grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 20.7% during the third quarter. IAG Wealth Partners LLC now owns 56,230 shares of the company’s stock valued at $3,174,000 after acquiring an additional 9,658 shares in the last quarter. Eagle Wealth Strategies LLC grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 102.9% during the third quarter. Eagle Wealth Strategies LLC now owns 390,301 shares of the company’s stock valued at $22,032,000 after acquiring an additional 197,968 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 7.0% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 194,888 shares of the company’s stock worth $10,964,000 after buying an additional 12,690 shares in the last quarter. Finally, KPP Advisory Services LLC grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 15.7% in the 4th quarter. KPP Advisory Services LLC now owns 94,187 shares of the company’s stock worth $5,299,000 after buying an additional 12,811 shares in the last quarter.

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

FLQM stock opened at $57.25 on Thursday. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $53.23 and a one year high of $58.66. The stock has a market cap of $1.75 billion, a PE ratio of 16.69 and a beta of 0.98. The firm has a 50 day simple moving average of $56.45 and a two-hundred day simple moving average of $56.78.

Franklin U.S. Mid Cap Multifactor Index ETF Company 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.