Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 12-Month High – What’s Next?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $56.50 and last traded at $55.81, with a volume of 93675 shares traded. The stock had previously closed at $56.43.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 1.1 %

The business’s 50-day simple moving average is $54.57 and its 200-day simple moving average is $52.69. The company has a market capitalization of $672.51 million, a PE ratio of 16.96 and a beta of 0.90.

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

Several large investors have recently added to or reduced their stakes in FLQM. Sage Mountain Advisors LLC lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% during the second quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock worth $35,000 after buying an additional 350 shares during the period. Onyx Bridge Wealth Group LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth about $209,000. First Heartland Consultants Inc. purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth about $220,000. ProVise Management Group LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth about $283,000. Finally, Arkadios Wealth Advisors lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 16.2% during the second quarter. Arkadios Wealth Advisors now owns 6,055 shares of the company’s stock worth $311,000 after buying an additional 846 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.