Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $54.68 and last traded at $53.88, with a volume of 156135 shares. The stock had previously closed at $54.84.
Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.8 %
The company has a market capitalization of $645.16 million, a P/E ratio of 16.96 and a beta of 0.90. The firm’s 50 day moving average price is $52.75 and its two-hundred day moving average price is $51.94.
Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF
A number of large investors have recently modified their holdings of the business. Sage Mountain Advisors LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% during the 2nd quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock worth $35,000 after purchasing an additional 350 shares in the last quarter. Principal Securities Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth $37,000. First Heartland Consultants Inc. bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth $220,000. ProVise Management Group LLC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth $283,000. Finally, Arkadios Wealth Advisors lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 16.2% in the second quarter. Arkadios Wealth Advisors now owns 6,055 shares of the company’s stock valued at $311,000 after acquiring an additional 846 shares during the last quarter.
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.
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