Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 12-Month High – Should You Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price hit a new 52-week high on Monday . The company traded as high as $59.89 and last traded at $60.01, with a volume of 23452 shares trading hands. The stock had previously closed at $59.85.

Franklin U.S. Large Cap Multifactor Index ETF Trading Down 0.4 %

The firm has a market cap of $1.44 billion, a P/E ratio of 21.41 and a beta of 1.01. The firm’s 50 day moving average is $58.72 and its two-hundred day moving average is $56.52.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter valued at $34,000. Assetmark Inc. increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after acquiring an additional 510 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the second quarter worth about $105,000. FMR LLC lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% during the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after purchasing an additional 948 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.4% in the 3rd quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock valued at $442,000 after purchasing an additional 389 shares during the period.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors.