Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 1-Year High – Should You Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $59.61 and last traded at $60.05, with a volume of 29450 shares. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 3.5 %

The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.41 and a beta of 1.01. The business has a fifty day simple moving average of $59.94 and a two-hundred day simple moving average of $58.12.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its stake in Franklin U.S. Large Cap Multifactor Index ETF by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 1,400,273 shares of the company’s stock worth $83,806,000 after acquiring an additional 157,016 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter worth about $45,415,000. JPMorgan Chase & Co. lifted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 15.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 262,473 shares of the company’s stock valued at $15,263,000 after purchasing an additional 35,715 shares during the last quarter. Atria Investments Inc boosted its position in Franklin U.S. Large Cap Multifactor Index ETF by 4.8% in the third quarter. Atria Investments Inc now owns 234,301 shares of the company’s stock valued at $13,625,000 after buying an additional 10,728 shares in the last quarter. Finally, Win Advisors Inc. bought a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the fourth quarter worth about $9,040,000.

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.