Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 1-Year High – Still a Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.97 and last traded at $54.82, with a volume of 201584 shares traded. The stock had previously closed at $55.07.

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

The stock has a market capitalization of $665.65 million, a P/E ratio of 16.96 and a beta of 0.90. The stock has a fifty day moving average price of $55.33 and a 200 day moving average price of $55.51.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth about $29,000. National Bank of Canada FI lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 87.6% in the 4th quarter. National Bank of Canada FI now owns 938 shares of the company’s stock worth $51,000 after purchasing an additional 438 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at $63,000. Aspire Wealth Management Corp grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% during the 3rd quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock valued at $74,000 after purchasing an additional 492 shares in the last quarter. Finally, Signaturefd LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth $90,000.

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

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.