Pinnacle Financial Partners Inc Buys 3,800 Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Pinnacle Financial Partners Inc raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 78.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,615 shares of the company’s stock after purchasing an additional 3,800 shares during the period. Pinnacle Financial Partners Inc owned 0.07% of Franklin U.S. Mid Cap Multifactor Index ETF worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FLQM. Orgel Wealth Management LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 165.4% during the 4th quarter. Orgel Wealth Management LLC now owns 1,537,350 shares of the company’s stock valued at $83,494,000 after purchasing an additional 958,040 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% during the 3rd quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock valued at $131,859,000 after purchasing an additional 527,519 shares during the last quarter. Financial Partners Group Inc purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at about $6,925,000. Bank of Montreal Can purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at about $5,855,000. Finally, Harbor Group Inc. raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 67.1% during the 4th quarter. Harbor Group Inc. now owns 255,148 shares of the company’s stock valued at $13,857,000 after buying an additional 102,474 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.5 %

Shares of BATS FLQM opened at $54.79 on Monday. The firm’s 50-day moving average price is $55.38 and its 200-day moving average price is $55.44. The stock has a market capitalization of $660.22 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $25.35 and a 12-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.