Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 1-Year High – What’s Next?

Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.97 and last traded at $54.82, with a volume of 201584 shares traded. The stock had previously closed at $55.07.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.3 %

The company has a market cap of $661.38 million, a P/E ratio of 16.96 and a beta of 0.90. The business has a fifty day moving average price of $55.38 and a 200-day moving average price of $55.44.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at $90,000. Osborne Partners Capital Management LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth about $258,000. Arkadios Wealth Advisors lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 21.9% in the third quarter. Arkadios Wealth Advisors now owns 7,379 shares of the company’s stock valued at $411,000 after buying an additional 1,324 shares during the period. Focus Financial Network Inc. acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at $401,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at approximately $196,000.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.