Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.23 and last traded at $55.14, with a volume of 51296 shares changing hands. The stock had previously closed at $54.79.
Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 0.0 %
The company has a market cap of $663.47 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The business has a 50-day moving average price of $54.87 and a 200 day moving average price of $52.84.
Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF
Hedge funds have recently modified their holdings of the stock. Sage Mountain Advisors LLC raised its holdings in 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 buying an additional 350 shares during the period. Signaturefd LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $90,000. Farther Finance Advisors LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at approximately $196,000. Onyx Bridge Wealth Group LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth approximately $209,000. Finally, First Heartland Consultants Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 2nd quarter worth approximately $220,000.
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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