Essex Financial Services Inc. Makes New Investment in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Essex Financial Services Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,616 shares of the company’s stock, valued at approximately $607,000. Essex Financial Services Inc. owned about 0.23% of Franklin U.S. Mid Cap Multifactor Index ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FLQM. Aspire Wealth Management Corp bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at $29,000. Aspire Private Capital LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at $61,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at $209,000. Private Trust Co. NA raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.3% during the 4th quarter. Private Trust Co. NA now owns 5,209 shares of the company’s stock valued at $251,000 after purchasing an additional 569 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter valued at $263,000.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.6 %

Shares of BATS FLQM opened at $50.39 on Friday. The firm has a market capitalization of $604.68 million, a P/E ratio of 16.49 and a beta of 0.91. The stock’s 50-day simple moving average is $51.51 and its two-hundred day simple moving average is $48.03. 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.