Strategic Equity Management Reduces Holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Strategic Equity Management decreased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,537 shares of the company’s stock after selling 3,674 shares during the quarter. Strategic Equity Management’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $790,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Westover Capital Advisors LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.6% during the fourth quarter. Westover Capital Advisors LLC now owns 11,699 shares of the company’s stock worth $635,000 after purchasing an additional 187 shares during the last quarter. Pacific Sun Financial Corp grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.9% during the fourth quarter. Pacific Sun Financial Corp now owns 6,922 shares of the company’s stock worth $376,000 after purchasing an additional 260 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth about $29,000. Essex Financial Services Inc. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 16,784 shares of the company’s stock worth $912,000 after buying an additional 587 shares during the last quarter. Finally, HBW Advisory Services LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.5% during the fourth quarter. HBW Advisory Services LLC now owns 20,591 shares of the company’s stock worth $1,118,000 after buying an additional 698 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 1.8 %

BATS FLQM opened at $54.09 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $49.72 and a 52-week high of $59.07. The business’s 50-day moving average price is $55.22 and its 200 day moving average price is $55.56. The firm has a market cap of $1.45 billion, a P/E ratio of 16.92 and a beta of 1.05.

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.