Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 52-Week High – Here’s Why

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $59.61 and last traded at $62.02, with a volume of 29450 shares traded. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 6.6 %

The company’s fifty day moving average price is $60.24 and its 200 day moving average price is $58.72. The company has a market capitalization of $1.49 billion, a P/E ratio of 21.41 and a beta of 1.01.

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

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 102.0% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after purchasing an additional 510 shares in the last quarter. Atria Investments Inc increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 4.8% in the 3rd quarter. Atria Investments Inc now owns 234,301 shares of the company’s stock valued at $13,625,000 after buying an additional 10,728 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter valued at approximately $3,188,000. FMR LLC lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% during the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock worth $235,000 after acquiring an additional 948 shares during the period. Finally, World Investment Advisors LLC bought a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter worth approximately $45,415,000.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

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.