Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 12-Month High – Time to Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares reached a new 52-week high during trading on Monday . The company traded as high as $60.64 and last traded at $60.71, with a volume of 32230 shares trading hands. The stock had previously closed at $60.56.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 0.2 %

The stock has a market cap of $1.45 billion, a P/E ratio of 21.41 and a beta of 1.01. The business has a 50 day moving average price of $58.82 and a 200 day moving average price of $56.64.

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

Several hedge funds have recently modified their holdings of the business. World Investment Advisors LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the third quarter worth about $45,415,000. Sanctuary Advisors LLC raised its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 12.6% during the 3rd 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. FMR LLC lifted its position in Franklin U.S. Large Cap Multifactor Index ETF by 30.7% during the third quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after acquiring an additional 948 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the third quarter valued at approximately $3,188,000. Finally, Atria Investments Inc grew its holdings 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 worth $13,625,000 after purchasing an additional 10,728 shares during the last quarter.

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.