Harbour Investments Inc. Increases Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Harbour Investments Inc. lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 26.3% in the fourth quarter, HoldingsChannel reports. The firm owned 21,310 shares of the company’s stock after buying an additional 4,434 shares during the period. Harbour Investments Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $1,157,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in 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 buying an additional 1,066 shares during the period. Park Avenue Securities LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth about $455,000. Caprock Group LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth about $231,000. Raymond James Financial Inc. purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth about $92,389,000. Finally, Sanctuary Advisors LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth about $200,000.

Franklin U.S. Mid Cap Multifactor Index ETF Price Performance

Shares of FLQM stock opened at $52.61 on Wednesday. The firm has a market cap of $1.41 billion, a PE ratio of 16.92 and a beta of 1.05. The company has a 50-day moving average of $54.94 and a two-hundred day moving average of $55.47. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $49.72 and a 1-year high of $59.07.

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.