Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 1-Year High at $53.76

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $53.76 and last traded at $53.33, with a volume of 62821 shares trading hands. The stock had previously closed at $53.05.

Franklin U.S. Mid Cap Multifactor Index ETF Price Performance

The company has a market cap of $641.78 million, a PE ratio of 16.96 and a beta of 0.90. The stock’s 50 day moving average is $52.93 and its 200-day moving average is $52.05.

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

Hedge funds have recently bought and sold shares of the business. Sage Mountain Advisors LLC raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% during the second quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock valued at $35,000 after purchasing an additional 350 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at $37,000. First Heartland Consultants Inc. purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter valued at $220,000. ProVise Management Group LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter valued at $283,000. Finally, Arkadios Wealth Advisors raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 16.2% in the second quarter. Arkadios Wealth Advisors now owns 6,055 shares of the company’s stock valued at $311,000 after acquiring an additional 846 shares during the period.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.