Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 52-Week High – What’s Next?

Shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) hit a new 52-week high on Tuesday . The company traded as high as $78.82 and last traded at $78.82, with a volume of 34717 shares changing hands. The stock had previously closed at $77.95.

Franklin U.S. Large Cap Multifactor Index ETF Trading Up 2.1%

The company has a 50 day moving average price of $77.30 and a 200-day moving average price of $73.65. The company has a market cap of $1.93 billion, a P/E ratio of 24.11 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLQL. CoreCap Advisors LLC acquired a new position in Franklin U.S. Large Cap Multifactor Index ETF during the second quarter worth about $41,000. NewEdge Advisors LLC lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 1.1% in the 1st quarter. NewEdge Advisors LLC now owns 15,459 shares of the company’s stock valued at $1,046,000 after purchasing an additional 166 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 107.6% in the 1st quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock valued at $36,978,000 after purchasing an additional 283,316 shares during the last quarter. Royal Bank of Canada boosted its position in Franklin U.S. Large Cap Multifactor Index ETF by 18.3% in the first quarter. Royal Bank of Canada now owns 16,659 shares of the company’s stock valued at $1,127,000 after buying an additional 2,578 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Franklin U.S. Large Cap Multifactor Index ETF by 3.9% in the first quarter. Cetera Investment Advisers now owns 561,524 shares of the company’s stock valued at $37,981,000 after buying an additional 21,290 shares in the last quarter.

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

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.