Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.68 and last traded at $53.88, with a volume of 156135 shares. The stock had previously closed at $54.84.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
The firm has a market capitalization of $645.16 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The business’s 50 day moving average is $52.75 and its 200-day moving average is $51.94.
Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sage Mountain Advisors LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% in the 2nd quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock valued at $35,000 after buying an additional 350 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $37,000. First Heartland Consultants Inc. acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter worth $220,000. ProVise Management Group LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth $283,000. Finally, Arkadios Wealth Advisors raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 16.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 6,055 shares of the company’s stock valued at $311,000 after purchasing an additional 846 shares during the last quarter.
Franklin U.S. Mid Cap Multifactor Index ETF Company Profile
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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