Solano Wealth Management Inc. Grows Stock Holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Solano Wealth Management Inc. increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 5.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,720 shares of the company’s stock after purchasing an additional 2,002 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF comprises about 1.0% of Solano Wealth Management Inc.’s holdings, making the stock its 16th largest position. Solano Wealth Management Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $1,719,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Essex Financial Services Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $607,000. Kestra Private Wealth Services LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 132.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 51,305 shares of the company’s stock valued at $2,469,000 after buying an additional 29,269 shares in the last quarter. Aspire Private Capital LLC lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 34.4% during the fourth quarter. Aspire Private Capital LLC now owns 1,901 shares of the company’s stock valued at $91,000 after purchasing an additional 487 shares during the last quarter. CWM LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 193.1% in the fourth quarter. CWM LLC now owns 411,712 shares of the company’s stock worth $19,816,000 after buying an additional 271,244 shares during the period. Finally, Western Wealth Management LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter worth approximately $263,000.

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

FLQM traded up $0.45 on Friday, reaching $50.84. 96,831 shares of the company traded hands. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $25.35 and a 52-week high of $28.79. The company has a market cap of $610.08 million, a price-to-earnings ratio of 16.49 and a beta of 0.91. The stock’s 50 day moving average price is $51.51 and its 200-day moving average price is $48.11.

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.