Empirical Asset Management LLC Lowers Holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Empirical Asset Management LLC lowered its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,793 shares of the company’s stock after selling 1,674 shares during the period. Empirical Asset Management LLC’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $1,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Orgel Wealth Management LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $32,268,000. LPL Financial LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% during the 3rd quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock worth $131,859,000 after purchasing an additional 527,519 shares during the last quarter. CWM LLC boosted its position 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 purchasing an additional 274,529 shares in the last quarter. Financial Partners Group Inc purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at about $6,925,000. Finally, Harbor Group Inc. lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 253.5% during the third quarter. Harbor Group Inc. now owns 152,674 shares of the company’s stock valued at $8,504,000 after buying an additional 109,489 shares during the last quarter.

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

BATS:FLQM opened at $56.03 on Friday. The stock has a market capitalization of $675.19 million, a P/E ratio of 16.96 and a beta of 0.90. The company’s 50-day simple moving average is $56.27 and its 200-day simple moving average is $54.80. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $25.35 and a fifty-two week 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.