Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 1-Year High – Time to Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQMGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $59.07 and last traded at $58.79, with a volume of 142163 shares. The stock had previously closed at $58.02.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 1.4 %

The company has a market capitalization of $708.66 million, a PE ratio of 16.96 and a beta of 0.90. The firm’s 50-day moving average is $55.79 and its 200-day moving average is $53.60.

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

A number of hedge funds have recently bought and sold shares of FLQM. Clear Point Advisors Inc. boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 3.3% during the 1st quarter. Clear Point Advisors Inc. now owns 12,886 shares of the company’s stock valued at $689,000 after acquiring an additional 410 shares during the period. Cetera Investment Advisers purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth $10,548,000. HBW Advisory Services LLC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 2nd quarter valued at $1,000,000. CWM LLC raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 12.5% during the 2nd quarter. CWM LLC now owns 761,015 shares of the company’s stock valued at $39,032,000 after buying an additional 84,455 shares during the last quarter. Finally, Thomasville National Bank grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1.8% in the 2nd quarter. Thomasville National Bank now owns 91,650 shares of the company’s stock worth $4,701,000 after acquiring an additional 1,610 shares during the last quarter.

About Franklin U.S. Mid Cap Multifactor Index ETF

(Get Free Report)

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.

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