Geneos Wealth Management Inc. Sells 26,136 Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Geneos Wealth Management Inc. lessened its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,752 shares of the company’s stock after selling 26,136 shares during the period. Geneos Wealth Management Inc. owned approximately 0.65% of Franklin U.S. Mid Cap Multifactor Index ETF worth $4,223,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Providence Capital Advisors LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $63,000. Aspire Wealth Management Corp increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% during the 3rd quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock valued at $74,000 after purchasing an additional 492 shares during the last quarter. Signaturefd LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth approximately $90,000. Sanctuary Advisors LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $200,000. Finally, Farther Finance Advisors LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at approximately $196,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 2.3 %

FLQM opened at $56.34 on Friday. The firm’s 50 day simple moving average is $56.19 and its two-hundred day simple moving average is $54.99. The company has a market capitalization of $678.95 million, a PE ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $25.35 and a 1-year 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.