Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 12-Month High – Should You Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.23 and last traded at $55.14, with a volume of 51296 shares traded. The stock had previously closed at $54.79.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.6 %

The business has a 50-day moving average of $54.81 and a 200-day moving average of $52.79. The stock has a market cap of $664.44 million, a price-to-earnings ratio of 16.96 and a beta of 0.90.

Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Large investors have recently made changes to their positions in the company. LPL Financial LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 6.2% in the second quarter. LPL Financial LLC now owns 1,839,793 shares of the company’s stock valued at $94,363,000 after acquiring an additional 107,556 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock valued at $65,350,000 after purchasing an additional 6,823 shares during the last quarter. CWM LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% in the third quarter. CWM LLC now owns 1,035,544 shares of the company’s stock worth $57,680,000 after purchasing an additional 274,529 shares in the last quarter. Bogart Wealth LLC increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 8.8% during the third quarter. Bogart Wealth LLC now owns 711,224 shares of the company’s stock worth $39,615,000 after buying an additional 57,599 shares during the last quarter. Finally, Orgel Wealth Management LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at about $32,268,000.

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.