Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 1-Year High – Should You Buy?

Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) reached a new 52-week high during trading on Monday . The stock traded as high as $56.50 and last traded at $55.81, with a volume of 93675 shares changing hands. The stock had previously closed at $56.43.

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

The business’s fifty day moving average price is $54.75 and its two-hundred day moving average price is $52.75. The firm has a market capitalization of $662.87 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

Several institutional investors have recently bought and sold shares of FLQM. Orgel Wealth Management LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at about $32,268,000. CWM LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% during the third quarter. CWM LLC now owns 1,035,544 shares of the company’s stock worth $57,680,000 after buying an additional 274,529 shares during the period. Cetera Investment Advisers acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at $10,548,000. Raymond James & Associates raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 119.1% in the 2nd quarter. Raymond James & Associates now owns 342,750 shares of the company’s stock worth $17,580,000 after acquiring an additional 186,321 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 119.2% in the second quarter. Commonwealth Equity Services LLC now owns 216,678 shares of the company’s stock worth $11,113,000 after purchasing an additional 117,829 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.