Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 12-Month High – Here’s Why

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $57.01 and last traded at $56.59, with a volume of 63737 shares. The stock had previously closed at $56.78.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance

The firm’s 50-day simple moving average is $56.64 and its 200 day simple moving average is $54.24. The company has a market cap of $682.15 million, a P/E ratio of 16.96 and a beta of 0.90.

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

Large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 8.2% in the third quarter. Franklin Resources Inc. now owns 14,084 shares of the company’s stock worth $790,000 after buying an additional 1,066 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $200,000. MML Investors Services LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $1,002,000. Orion Portfolio Solutions LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 15.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,491 shares of the company’s stock valued at $696,000 after acquiring an additional 1,705 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 260.7% during the 3rd quarter. Jane Street Group LLC now owns 38,335 shares of the company’s stock valued at $2,135,000 after acquiring an additional 27,707 shares during the last quarter.

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.