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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $55.97 and last traded at $56.72, with a volume of 201584 shares traded. The stock had previously closed at $55.07.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 2.5 %

The firm has a market cap of $680.16 million, a P/E ratio of 16.96 and a beta of 0.90. The business has a fifty day moving average of $56.20 and a 200 day moving average of $54.94.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FLQM. Thrivent Financial for Lutherans grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 363.2% during the second quarter. Thrivent Financial for Lutherans now owns 27,663 shares of the company’s stock worth $1,419,000 after purchasing an additional 21,691 shares during the period. AQR Capital Management LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 49.7% during the second quarter. AQR Capital Management LLC now owns 8,180 shares of the company’s stock worth $420,000 after purchasing an additional 2,716 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 85.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 111,301 shares of the company’s stock worth $5,708,000 after purchasing an additional 51,126 shares during the period. Cetera Investment Advisers grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% during the second quarter. Cetera Investment Advisers now owns 204,603 shares of the company’s stock worth $10,494,000 after purchasing an additional 7,289 shares during the period. Finally, HBW Advisory Services LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 2.0% during the third quarter. HBW Advisory Services LLC now owns 19,893 shares of the company’s stock worth $1,108,000 after purchasing an additional 393 shares during the period.

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.