Redhawk Wealth Advisors Inc. Grows Stock Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

Redhawk Wealth Advisors Inc. raised its position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 46.9% in the 4th quarter, Holdings Channel reports. The fund owned 158,354 shares of the company’s stock after purchasing an additional 50,548 shares during the period. Franklin U.S. Mid Cap Multifactor Index ETF accounts for 1.2% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 19th biggest holding. Redhawk Wealth Advisors Inc.’s holdings in Franklin U.S. Mid Cap Multifactor Index ETF were worth $8,600,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% in the third 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 period. CWM LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% in the 3rd quarter. CWM LLC now owns 1,035,544 shares of the company’s stock worth $57,680,000 after buying an additional 274,529 shares in the last quarter. Bogart Wealth LLC boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 8.8% in the 3rd quarter. Bogart Wealth LLC now owns 711,224 shares of the company’s stock valued at $39,615,000 after buying an additional 57,599 shares during the last quarter. Orgel Wealth Management LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth about $32,268,000. Finally, Raymond James & Associates lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 5.1% in the third quarter. Raymond James & Associates now owns 360,278 shares of the company’s stock worth $20,067,000 after acquiring an additional 17,528 shares in the last quarter.

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

Shares of FLQM opened at $55.50 on Thursday. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $25.35 and a one year high of $28.79. The stock has a 50-day moving average price of $56.34 and a 200 day moving average price of $54.75. The company has a market capitalization of $668.78 million, a P/E ratio of 16.96 and a beta of 0.90.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.