Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 1-Year High – Here’s Why

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 stock traded as high as $55.23 and last traded at $55.14, with a volume of 51296 shares traded. The stock had previously closed at $54.79.

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

The firm has a market cap of $663.47 million, a PE ratio of 16.96 and a beta of 0.90. The firm’s 50 day moving average price is $54.87 and its two-hundred day moving average price is $52.84.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Large investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 5.2% in the 1st quarter. Cornerstone Wealth Management LLC now owns 26,101 shares of the company’s stock valued at $1,395,000 after buying an additional 1,289 shares during the period. Private Advisor Group LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 11.1% in the 2nd quarter. Private Advisor Group LLC now owns 291,131 shares of the company’s stock valued at $14,932,000 after acquiring an additional 29,121 shares during the period. Redwood Financial Network Corp raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 9.0% in the 2nd quarter. Redwood Financial Network Corp now owns 9,714 shares of the company’s stock valued at $498,000 after acquiring an additional 800 shares during the period. Hazlett Burt & Watson Inc. boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.6% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 16,884 shares of the company’s stock worth $866,000 after purchasing an additional 1,883 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock valued at $65,350,000 after purchasing an additional 6,823 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.