Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 12-Month High – What’s Next?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price reached a new 52-week high on Monday . The stock traded as high as $60.95 and last traded at $61.04, with a volume of 35222 shares trading hands. The stock had previously closed at $60.69.

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

The firm’s 50 day moving average price is $59.59 and its two-hundred day moving average price is $57.29. The firm has a market cap of $1.45 billion, a PE ratio of 21.41 and a beta of 1.01.

Institutional Investors Weigh In On Franklin U.S. Large Cap Multifactor Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Avenue Securities LLC increased its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.4% during the 3rd quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock worth $442,000 after purchasing an additional 389 shares during the last quarter. Assetmark Inc. boosted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 102.0% during the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after buying an additional 510 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the second quarter valued at about $34,000. Howard Capital Management Inc. raised its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 3.2% in the 2nd quarter. Howard Capital Management Inc. now owns 29,085 shares of the company’s stock valued at $1,617,000 after acquiring an additional 898 shares during the period. Finally, FMR LLC lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock worth $235,000 after acquiring an additional 948 shares during the last quarter.

About Franklin U.S. Large Cap Multifactor Index ETF

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.