Pinnacle Financial Partners Inc Buys New Stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Pinnacle Financial Partners Inc purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) in the third quarter, HoldingsChannel reports. The institutional investor purchased 4,815 shares of the company’s stock, valued at approximately $268,000.

Several other large investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.2% in the second quarter. LPL Financial LLC now owns 1,839,793 shares of the company’s stock worth $94,363,000 after buying an additional 107,556 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% in the 2nd 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 period. CWM LLC grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% in 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. Bogart Wealth LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 8.8% during the third quarter. Bogart Wealth LLC now owns 711,224 shares of the company’s stock valued at $39,615,000 after purchasing an additional 57,599 shares during the period. Finally, Orgel Wealth Management LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $32,268,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.7 %

FLQM opened at $57.04 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $25.35 and a twelve month high of $28.79. The firm has a market cap of $687.33 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The company has a fifty day simple moving average of $55.31 and a 200 day simple moving average of $53.29.

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.