Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 12-Month High – Should You Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.73 and last traded at $59.33, with a volume of 114521 shares changing hands. The stock had previously closed at $59.03.

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

The company has a 50 day moving average of $57.08 and a 200 day moving average of $56.96. The firm has a market cap of $1.82 billion, a P/E ratio of 16.69 and a beta of 0.98.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FLQM. Jane Street Group LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth approximately $1,528,000. NewEdge Advisors LLC lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after acquiring an additional 326 shares during the period. Raymond James Financial Inc. lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% during the second quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after purchasing an additional 62,992 shares during the period. Ameriprise Financial Inc. boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock valued at $143,407,000 after buying an additional 43,120 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after purchasing an additional 177,777 shares in the last quarter.

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.