124,328 Shares in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Acquired by Financial Partners Group Inc

Financial Partners Group Inc purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 124,328 shares of the company’s stock, valued at approximately $6,925,000. Franklin U.S. Mid Cap Multifactor Index ETF makes up about 1.0% of Financial Partners Group Inc’s investment portfolio, making the stock its 24th biggest position. Financial Partners Group Inc owned 1.03% of Franklin U.S. Mid Cap Multifactor Index ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FLQM. Private Advisor Group LLC grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 11.1% during the second quarter. Private Advisor Group LLC now owns 291,131 shares of the company’s stock worth $14,932,000 after purchasing an additional 29,121 shares in the last quarter. Redwood Financial Network Corp raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 9.0% during the second quarter. Redwood Financial Network Corp now owns 9,714 shares of the company’s stock valued at $498,000 after buying an additional 800 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.6% in the second quarter. Hazlett Burt & Watson Inc. now owns 16,884 shares of the company’s stock worth $866,000 after buying an additional 1,883 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock worth $65,350,000 after acquiring an additional 6,823 shares during the last quarter. Finally, CWM LLC grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% during the third quarter. CWM LLC now owns 1,035,544 shares of the company’s stock valued at $57,680,000 after acquiring an additional 274,529 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.4 %

FLQM stock traded up $0.21 during mid-day trading on Tuesday, hitting $54.95. The company had a trading volume of 110,515 shares. The company has a 50-day moving average price of $54.91 and a 200 day moving average price of $52.97. The company has a market capitalization of $662.15 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $25.35 and a 12-month high of $28.79.

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.