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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $81.55 and last traded at $79.56, with a volume of 7146 shares traded. The stock had previously closed at $79.39.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 0.3%

The firm has a market capitalization of $1.93 billion, a P/E ratio of 24.11 and a beta of 0.95. The business has a 50-day moving average price of $77.48 and a 200-day moving average price of $73.96.

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

A number of institutional investors have recently bought and sold shares of FLQL. Nations Financial Group Inc. IA ADV boosted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 125.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 15,177 shares of the company’s stock valued at $1,052,000 after purchasing an additional 8,439 shares in the last quarter. Sequent Planning LLC raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 12.6% in the 4th quarter. Sequent Planning LLC now owns 184,040 shares of the company’s stock worth $12,760,000 after buying an additional 20,614 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 12.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 448,344 shares of the company’s stock worth $30,326,000 after buying an additional 50,907 shares in the last quarter. World Investment Advisors raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 42.0% in the 4th quarter. World Investment Advisors now owns 114,402 shares of the company’s stock worth $7,931,000 after buying an additional 33,810 shares in the last quarter. Finally, Elevation Capital Advisory LLC bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 4th quarter worth approximately $5,454,000.

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.