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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $59.61 and last traded at $59.48, with a volume of 29450 shares trading hands. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Trading Up 2.9 %

The stock has a market capitalization of $1.44 billion, a PE ratio of 21.41 and a beta of 1.01. The stock’s fifty day simple moving average is $59.77 and its 200-day simple moving average is $57.90.

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

Several hedge funds have recently modified their holdings of FLQL. Susquehanna International Group LLP lifted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 51.5% during the second quarter. Susquehanna International Group LLP now owns 85,808 shares of the company’s stock worth $4,769,000 after acquiring an additional 29,162 shares during the period. Sanctuary Advisors LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the second quarter valued at about $63,804,000. Park Avenue Securities LLC increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 5.4% during 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. Brookstone Capital Management increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 2.3% during the 3rd quarter. Brookstone Capital Management now owns 136,826 shares of the company’s stock worth $7,956,000 after purchasing an additional 3,106 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 503.5% in the third quarter. CWM LLC now owns 20,011 shares of the company’s stock valued at $1,164,000 after buying an additional 16,695 shares during the period.

About Franklin U.S. Large Cap Multifactor Index ETF

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.