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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares reached a new 52-week high on Tuesday . The company traded as high as $76.46 and last traded at $76.27, with a volume of 69851 shares trading hands. The stock had previously closed at $76.16.

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

The stock’s fifty day moving average is $71.00 and its two-hundred day moving average is $70.33. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 6.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,094,134 shares of the company’s stock worth $74,007,000 after acquiring an additional 63,545 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 7.1% during the 1st quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock worth $113,314,000 after acquiring an additional 111,752 shares in the last quarter. Fifth Third Bancorp acquired a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 1st quarter worth $189,000. Private Advisor Group LLC grew its holdings in 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 acquiring an additional 319 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 12.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 448,344 shares of the company’s stock worth $30,326,000 after acquiring an additional 50,907 shares in the last quarter.

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