Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 12-Month High – Should You Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price reached a new 52-week high on Monday . The stock traded as high as $59.89 and last traded at $60.01, with a volume of 23452 shares. The stock had previously closed at $59.85.

Franklin U.S. Large Cap Multifactor Index ETF Trading Down 0.4 %

The company has a 50 day moving average of $58.72 and a 200-day moving average of $56.52. The firm has a market capitalization of $1.44 billion, a P/E ratio of 21.41 and a beta of 1.01.

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

A number of institutional investors have recently modified their holdings of FLQL. International Assets Investment Management LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the second quarter worth about $34,000. Assetmark Inc. increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 102.0% during the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after purchasing an additional 510 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the second quarter worth approximately $105,000. FMR LLC raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the third quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after buying an additional 948 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.4% in the third quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock valued at $442,000 after buying an additional 389 shares during the period.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

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.