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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.64 and last traded at $60.71, with a volume of 32230 shares trading hands. The stock had previously closed at $60.56.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 0.2 %

The company has a market capitalization of $1.45 billion, a PE ratio of 21.41 and a beta of 1.01. The business has a 50 day simple moving average of $58.82 and a 200 day simple moving average of $56.64.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at approximately $34,000. Assetmark Inc. raised 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 buying an additional 510 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the second quarter worth $105,000. FMR LLC raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the third quarter. FMR LLC now owns 4,034 shares of the company’s stock worth $235,000 after buying an additional 948 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.4% in the third quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock worth $442,000 after buying an additional 389 shares during the last quarter.

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.