Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 1-Year High – Should You Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares reached a new 52-week high on Monday . The company traded as high as $58.04 and last traded at $57.53, with a volume of 305960 shares changing hands. The stock had previously closed at $57.67.

Franklin U.S. Large Cap Multifactor Index ETF Stock Down 0.2 %

The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 21.41 and a beta of 1.01. The company’s fifty day simple moving average is $57.59 and its 200 day simple moving average is $55.51.

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

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the second quarter valued at about $63,804,000. Cetera Investment Advisers raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 98.6% in the first quarter. Cetera Investment Advisers now owns 258,181 shares of the company’s stock valued at $13,748,000 after buying an additional 128,148 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1,916.6% in the first quarter. Cetera Advisors LLC now owns 89,881 shares of the company’s stock valued at $4,786,000 after buying an additional 85,424 shares during the period. Bank of New York Mellon Corp grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 10.5% during the second quarter. Bank of New York Mellon Corp now owns 803,418 shares of the company’s stock worth $44,654,000 after buying an additional 76,590 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Franklin U.S. Large Cap Multifactor Index ETF by 51.5% during the 2nd quarter. Susquehanna International Group LLP now owns 85,808 shares of the company’s stock worth $4,769,000 after acquiring an additional 29,162 shares during the period.

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.