Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 52-Week High – What’s Next?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) hit a new 52-week high during trading on Monday . The company traded as high as $57.01 and last traded at $56.59, with a volume of 63737 shares trading hands. The stock had previously closed at $56.78.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance

The stock has a market capitalization of $682.15 million, a PE ratio of 16.96 and a beta of 0.90. The company’s fifty day simple moving average is $56.64 and its two-hundred day simple moving average is $54.24.

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

A number of institutional investors have recently made changes to their positions in FLQM. Private Advisor Group LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 11.1% during the second quarter. Private Advisor Group LLC now owns 291,131 shares of the company’s stock valued at $14,932,000 after buying an additional 29,121 shares during the period. Redwood Financial Network Corp boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 9.0% in the 2nd quarter. Redwood Financial Network Corp now owns 9,714 shares of the company’s stock worth $498,000 after acquiring an additional 800 shares during the period. Hazlett Burt & Watson Inc. increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 12.6% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 16,884 shares of the company’s stock worth $866,000 after buying an additional 1,883 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock worth $65,350,000 after buying an additional 6,823 shares in the last quarter. Finally, CWM LLC boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% in the 3rd quarter. CWM LLC now owns 1,035,544 shares of the company’s stock valued at $57,680,000 after buying an additional 274,529 shares during the last quarter.

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.