Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 12-Month High – What’s Next?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.61 and last traded at $60.05, with a volume of 29450 shares. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 3.5 %

The firm has a market cap of $1.45 billion, a P/E ratio of 21.41 and a beta of 1.01. The stock’s 50-day moving average is $59.94 and its 200-day moving average is $58.12.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the second quarter worth about $63,804,000. World Investment Advisors LLC acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter worth approximately $45,415,000. Win Advisors Inc. bought a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the fourth quarter valued at approximately $9,040,000. Kingsview Wealth Management LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the third quarter worth $3,188,000. Finally, Paul R. Ried Financial Group LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the fourth quarter worth $3,161,000.

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.