Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 52-Week High – What’s Next?

Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) hit a new 52-week high during trading on Monday . The company traded as high as $58.82 and last traded at $58.51, with a volume of 109206 shares traded. The stock had previously closed at $58.63.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.2 %

The firm has a market capitalization of $705.05 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The business’s 50-day simple moving average is $56.16 and its two-hundred day simple moving average is $53.83.

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

Institutional investors have recently made changes to their positions in the stock. Sage Mountain Advisors LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% in 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. Providence Capital Advisors LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at approximately $63,000. Aspire Wealth Management Corp grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% in the third quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock valued at $74,000 after purchasing an additional 492 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at approximately $90,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at approximately $196,000.

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.