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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) shares reached a new 52-week high on Monday . The company traded as high as $59.07 and last traded at $58.79, with a volume of 142163 shares. The stock had previously closed at $58.02.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.3 %

The stock has a market cap of $705.17 million, a P/E ratio of 16.96 and a beta of 0.90. The company’s fifty day simple moving average is $56.02 and its 200-day simple moving average is $53.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLQM. LPL Financial LLC grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% in the 3rd quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock valued at $131,859,000 after purchasing an additional 527,519 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock valued at $65,350,000 after buying an additional 6,823 shares in the last quarter. CWM LLC grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% in the third quarter. CWM LLC now owns 1,035,544 shares of the company’s stock valued at $57,680,000 after acquiring an additional 274,529 shares during the period. Bogart Wealth LLC raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 8.8% during the third quarter. Bogart Wealth LLC now owns 711,224 shares of the company’s stock worth $39,615,000 after acquiring an additional 57,599 shares in the last quarter. Finally, Orgel Wealth Management LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $32,268,000.

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.