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

Shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $59.61 and last traded at $56.65, with a volume of 29450 shares. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Trading Down 2.7 %

The stock has a 50 day moving average price of $59.91 and a 200-day moving average price of $59.14. The stock has a market capitalization of $1.43 billion, a PE ratio of 25.02 and a beta of 0.95.

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

A number of hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 16.0% during the fourth quarter. Franklin Resources Inc. now owns 9,516,253 shares of the company’s stock valued at $558,033,000 after buying an additional 1,309,812 shares during the last quarter. Bank of America Corp DE increased its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.3% in the 4th quarter. Bank of America Corp DE now owns 1,545,882 shares of the company’s stock valued at $90,651,000 after acquiring an additional 19,661 shares during the period. Sanctuary Advisors LLC grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 3.2% during the 4th quarter. Sanctuary Advisors LLC now owns 1,444,690 shares of the company’s stock worth $88,010,000 after purchasing an additional 44,417 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 0.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 886,481 shares of the company’s stock valued at $51,983,000 after acquiring an additional 7,452 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.0% during 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 during the period.

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.