Geneos Wealth Management Inc. has increased its stake in the Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) by 1.5% in the first quarter, according to the company’s recent filing with the Securities & Exchange Commission. The firm now owns 27,482 shares of the ETF, valued at $1,463,000.
Other hedge funds and institutional investors have also been active in trading FLQL. Lockerman Financial Group Inc. saw an 8.1% increase in its holdings, while Park Avenue Securities LLC and Envestnet Portfolio Solutions Inc. both added to their positions. Key Client Fiduciary Advisors LLC and Raymond James & Associates also saw growth in their holdings of FLQL.
The Franklin U.S. Large Cap Multifactor Index ETF is currently trading down 1.0%, with shares opening at $56.77. The ETF has a market cap of $1.36 billion and a PE ratio of 21.41. Its 12-month low is $25.40, and its high is $30.32.
FLQL is an exchange-traded fund based on the LibertyQ US Large Cap Equity index. It tracks a multi-factor US large-cap index, with stocks selected and weighted based on quality, value, momentum, and low-volatility factors.
DailyBubble believes that the increase in holdings by Geneos Wealth Management Inc. and other firms reflects confidence in the Franklin U.S. Large Cap Multifactor Index ETF. Despite the current trading dip, the ETF’s strong fundamentals and diversified approach make it an attractive option for investors looking for exposure to the US large-cap equity market.