Modern Wealth Management LLC Takes $401,000 Position in Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)

Modern Wealth Management LLC bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,518 shares of the company’s stock, valued at approximately $401,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the fourth quarter valued at $36,000. FMR LLC lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after acquiring an additional 948 shares during the last quarter. Park Avenue Securities LLC grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 2.8% in the fourth quarter. Park Avenue Securities LLC now owns 7,815 shares of the company’s stock worth $458,000 after acquiring an additional 210 shares in the last quarter. D.A. Davidson & CO. increased its stake in Franklin U.S. Large Cap Multifactor Index ETF by 3.3% during the fourth quarter. D.A. Davidson & CO. now owns 8,016 shares of the company’s stock worth $470,000 after acquiring an additional 254 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Franklin U.S. Large Cap Multifactor Index ETF by 10.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,240 shares of the company’s stock valued at $835,000 after purchasing an additional 1,326 shares during the period.

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

BATS:FLQL opened at $57.26 on Friday. The stock’s fifty day moving average is $59.60 and its 200 day moving average is $59.17. The firm has a market capitalization of $1.43 billion, a PE ratio of 23.51 and a beta of 0.95. Franklin U.S. Large Cap Multifactor Index ETF has a fifty-two week low of $49.84 and a fifty-two week high of $62.31.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors.