Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 52-Week High – Time to Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQLGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.61 and last traded at $59.48, with a volume of 29450 shares. The stock had previously closed at $58.39.

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

The company’s fifty day moving average price is $59.79 and its 200 day moving average price is $57.86. The company has a market cap of $1.42 billion, a PE ratio of 21.41 and a beta of 1.01.

Hedge Funds Weigh In On Franklin U.S. Large Cap Multifactor Index ETF

Several hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at $63,804,000. World Investment Advisors LLC bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter valued at approximately $45,415,000. Kingsview Wealth Management LLC purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the third quarter worth $3,188,000. JPMorgan Chase & Co. lifted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 15.8% during the third quarter. JPMorgan Chase & Co. now owns 262,473 shares of the company’s stock valued at $15,263,000 after purchasing an additional 35,715 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in Franklin U.S. Large Cap Multifactor Index ETF by 51.5% during the second quarter. Susquehanna International Group LLP now owns 85,808 shares of the company’s stock worth $4,769,000 after purchasing an additional 29,162 shares during the period.

About Franklin U.S. Large Cap Multifactor Index ETF

(Get Free Report)

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.

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