Cornerstone Wealth Management LLC Increases Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Cornerstone Wealth Management LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 5.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,101 shares of the company’s stock after purchasing an additional 1,289 shares during the quarter. Cornerstone Wealth Management LLC owned about 0.48% of Franklin U.S. Mid Cap Multifactor Index ETF worth $1,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 196.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 859,108 shares of the company’s stock valued at $41,349,000 after buying an additional 569,495 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter valued at approximately $31,365,000. CWM LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 193.1% during the fourth quarter. CWM LLC now owns 411,712 shares of the company’s stock valued at $19,816,000 after buying an additional 271,244 shares during the last quarter. Moneywise Inc. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 15.8% during the fourth quarter. Moneywise Inc. now owns 223,283 shares of the company’s stock valued at $10,747,000 after buying an additional 30,443 shares during the last quarter. Finally, Stratos Investment Management LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.9% during the fourth quarter. Stratos Investment Management LLC now owns 218,196 shares of the company’s stock valued at $10,502,000 after buying an additional 8,266 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.1 %

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $50.84 on Friday. The company has a market cap of $612.62 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The company’s 50 day moving average is $51.46 and its 200 day moving average is $50.43. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $25.35 and a twelve 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.