Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 12-Month High – What’s Next?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.97 and last traded at $54.92, with a volume of 201584 shares trading hands. The stock had previously closed at $55.07.

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

The firm has a market cap of $669.22 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The stock’s 50 day simple moving average is $56.12 and its 200-day simple moving average is $55.17.

Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLQM. Orgel Wealth Management LLC increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 165.4% in the fourth quarter. Orgel Wealth Management LLC now owns 1,537,350 shares of the company’s stock worth $83,494,000 after acquiring an additional 958,040 shares during the period. LPL Financial LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% during the third quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock worth $131,859,000 after buying an additional 527,519 shares in the last quarter. CWM LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% during the third quarter. CWM LLC now owns 1,035,544 shares of the company’s stock worth $57,680,000 after buying an additional 274,529 shares in the last quarter. Financial Partners Group Inc purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $6,925,000. Finally, Harbor Group Inc. lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 253.5% during the third quarter. Harbor Group Inc. now owns 152,674 shares of the company’s stock valued at $8,504,000 after purchasing an additional 109,489 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.