Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 12-Month High – What’s Next?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares reached a new 52-week high on Wednesday . The company traded as high as $75.65 and last traded at $75.47, with a volume of 3310 shares. The stock had previously closed at $74.22.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 1.0%

The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The business has a 50-day simple moving average of $70.64 and a two-hundred day simple moving average of $70.11.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.4% in the third quarter. Franklin Resources Inc. now owns 8,709,763 shares of the company’s stock valued at $596,009,000 after buying an additional 118,281 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 0.7% in the third quarter. Bank of America Corp DE now owns 2,195,606 shares of the company’s stock valued at $150,245,000 after buying an additional 15,054 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.1% in the first quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock valued at $113,314,000 after buying an additional 111,752 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 9.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,166,393 shares of the company’s stock valued at $80,866,000 after buying an additional 99,657 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 1,094,134 shares of the company’s stock valued at $74,007,000 after buying an additional 63,545 shares in the last quarter.

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.