Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 12-Month High – Time to Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $55.97 and last traded at $55.42, with a volume of 201584 shares traded. The stock had previously closed at $55.07.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 1.1 %

The firm has a market cap of $670.94 million, a P/E ratio of 16.96 and a beta of 0.90. The business has a fifty day moving average of $55.55 and a 200 day moving average of $55.34.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLQM. Raymond James & Associates grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 5.1% during the third quarter. Raymond James & Associates now owns 360,278 shares of the company’s stock worth $20,067,000 after purchasing an additional 17,528 shares during the period. Financial Consulate Inc. grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 7.3% during the third quarter. Financial Consulate Inc. now owns 306,436 shares of the company’s stock worth $17,068,000 after purchasing an additional 20,826 shares during the period. Signaturefd LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth about $90,000. Leo Wealth LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 52.2% during the third quarter. Leo Wealth LLC now owns 85,351 shares of the company’s stock worth $4,754,000 after purchasing an additional 29,284 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 20.1% during the third quarter. Private Advisor Group LLC now owns 349,743 shares of the company’s stock worth $19,481,000 after purchasing an additional 58,612 shares during the period.

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.