Axxcess Wealth Management LLC Sells 862 Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Axxcess Wealth Management LLC decreased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,139 shares of the company’s stock after selling 862 shares during the quarter. Axxcess Wealth Management LLC owned approximately 0.12% of Franklin U.S. Mid Cap Multifactor Index ETF worth $768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FLQM. Franklin Resources Inc. grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 8.2% during the third quarter. Franklin Resources Inc. now owns 14,084 shares of the company’s stock worth $790,000 after purchasing an additional 1,066 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth about $455,000. Caprock Group LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $231,000. Raymond James Financial Inc. acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $92,389,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $200,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 4.4 %

FLQM opened at $52.67 on Friday. The firm’s fifty day simple moving average is $54.87 and its 200 day simple moving average is $55.43. The stock has a market capitalization of $1.43 billion, a P/E ratio of 17.08 and a beta of 1.05. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $49.72 and a 12 month high of $59.07.

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.