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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $55.97 and last traded at $56.72, with a volume of 201584 shares traded. The stock had previously closed at $55.07.

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

The business has a 50 day moving average of $56.24 and a two-hundred day moving average of $54.89. The stock has a market capitalization of $683.51 million, a PE ratio of 16.96 and a beta of 0.90.

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

Several hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% during the 3rd quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock worth $131,859,000 after acquiring an additional 527,519 shares in the last quarter. Orgel Wealth Management LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 165.4% during the fourth quarter. Orgel Wealth Management LLC now owns 1,537,350 shares of the company’s stock worth $83,494,000 after purchasing an additional 958,040 shares in the last quarter. CWM LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% during the third quarter. CWM LLC now owns 1,035,544 shares of the company’s stock worth $57,680,000 after purchasing an additional 274,529 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 8.8% in the 3rd quarter. Bogart Wealth LLC now owns 711,224 shares of the company’s stock worth $39,615,000 after purchasing an additional 57,599 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 5.1% during the 3rd quarter. Raymond James & Associates now owns 360,278 shares of the company’s stock worth $20,067,000 after buying an additional 17,528 shares during the last quarter.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.