Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 1-Year High – What’s Next?

Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.97 and last traded at $56.72, with a volume of 201584 shares. The stock had previously closed at $55.07.

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

The stock has a fifty day simple moving average of $56.20 and a 200-day simple moving average of $54.94. The stock has a market cap of $680.16 million, a P/E ratio of 16.96 and a beta of 0.90.

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

Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% in the 3rd quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock valued at $131,859,000 after acquiring an additional 527,519 shares in the last quarter. Orgel Wealth Management LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 165.4% in the 4th quarter. Orgel Wealth Management LLC now owns 1,537,350 shares of the company’s stock valued at $83,494,000 after acquiring an additional 958,040 shares in the last quarter. CWM LLC grew its holdings in shares of 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 acquiring an additional 274,529 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 8.8% in the 3rd quarter. Bogart Wealth LLC now owns 711,224 shares of the company’s stock valued at $39,615,000 after acquiring an additional 57,599 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 5.1% in the 3rd quarter. Raymond James & Associates now owns 360,278 shares of the company’s stock valued at $20,067,000 after acquiring an additional 17,528 shares in the last quarter.

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.