Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 1-Year High – Should You 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 company traded as high as $58.24 and last traded at $57.93, with a volume of 1439848 shares trading hands. The stock had previously closed at $57.69.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.1 %

The stock has a market capitalization of $692.39 million, a PE ratio of 16.96 and a beta of 0.90. The stock has a fifty day moving average of $55.24 and a 200-day moving average of $53.26.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% in the third quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock valued at $131,859,000 after buying an additional 527,519 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock valued at $65,350,000 after buying an additional 6,823 shares in the last quarter. CWM LLC increased its position in shares of 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 purchasing an additional 274,529 shares in the last quarter. Bogart Wealth LLC increased its position in shares of 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 purchasing an additional 57,599 shares in the last quarter. Finally, Orgel Wealth Management LLC acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth 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.