ProVise Management Group LLC Purchases Shares of 5,509 Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

ProVise Management Group LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,509 shares of the company’s stock, valued at approximately $283,000.

Several other hedge funds have also modified their holdings of the stock. Sage Mountain Advisors LLC increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% during the 2nd quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock worth $35,000 after purchasing an additional 350 shares during the period. Principal Securities Inc. acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $37,000. First Heartland Consultants Inc. purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter worth approximately $220,000. Arkadios Wealth Advisors increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 16.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 6,055 shares of the company’s stock valued at $311,000 after purchasing an additional 846 shares during the last quarter. Finally, Strategic Equity Management increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the 2nd quarter. Strategic Equity Management now owns 6,212 shares of the company’s stock valued at $319,000 after purchasing an additional 800 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.8 %

Shares of FLQM opened at $54.84 on Friday. The firm has a market capitalization of $660.82 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The firm’s fifty day simple moving average is $53.46 and its 200-day simple moving average is $52.23. 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 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.