Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 52-Week High – Still a Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares reached a new 52-week high on Monday . The company traded as high as $59.61 and last traded at $61.33, with a volume of 29450 shares. The stock had previously closed at $58.39.

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

The stock has a market capitalization of $1.47 billion, a P/E ratio of 21.41 and a beta of 1.01. The business has a 50 day simple moving average of $60.10 and a 200-day simple moving average of $58.37.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. World Investment Advisors LLC acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter valued at $45,415,000. Raymond James Financial Inc. acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the fourth quarter worth about $30,157,000. Sanctuary Advisors LLC increased its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 1,400,273 shares of the company’s stock worth $83,806,000 after acquiring an additional 157,016 shares in the last quarter. Win Advisors Inc. acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the fourth quarter valued at approximately $9,040,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.0% in the 4th quarter. Bank of New York Mellon Corp now owns 867,413 shares of the company’s stock valued at $50,865,000 after acquiring an additional 57,011 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.