Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 12-Month High – Here’s Why

Shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) hit a new 52-week high during trading on Thursday . The company traded as high as $74.51 and last traded at $74.48, with a volume of 27610 shares traded. The stock had previously closed at $73.46.

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

The stock has a 50-day moving average of $70.51 and a 200 day moving average of $69.99. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95.

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

A number of institutional investors have recently bought and sold shares of the business. Sagespring Wealth Partners LLC grew its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 0.5% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 31,668 shares of the company’s stock worth $2,167,000 after acquiring an additional 173 shares during the period. Comerica Bank grew its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 17.9% during the 4th quarter. Comerica Bank now owns 1,650 shares of the company’s stock worth $114,000 after acquiring an additional 250 shares during the period. SOL Capital Management CO grew its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 0.5% during the 4th quarter. SOL Capital Management CO now owns 55,015 shares of the company’s stock worth $3,814,000 after acquiring an additional 275 shares during the period. Mariner LLC grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 0.7% during the 4th quarter. Mariner LLC now owns 46,043 shares of the company’s stock worth $3,192,000 after buying an additional 302 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 8.8% during the 1st quarter. Private Advisor Group LLC now owns 3,927 shares of the company’s stock worth $266,000 after buying an additional 319 shares during the period.

About Franklin U.S. Large Cap Multifactor Index ETF

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. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.