Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 12-Month High – Should You Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price reached a new 52-week high on Monday . The stock traded as high as $55.04 and last traded at $54.95, with a volume of 110515 shares trading hands. The stock had previously closed at $54.74.

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

The stock’s fifty day moving average is $54.91 and its 200-day moving average is $52.94. The stock has a market capitalization of $662.15 million, a PE ratio of 16.96 and a beta of 0.90.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLQM. LPL Financial LLC increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 6.2% during the 2nd quarter. LPL Financial LLC now owns 1,839,793 shares of the company’s stock worth $94,363,000 after buying an additional 107,556 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock worth $65,350,000 after buying an additional 6,823 shares in the last quarter. CWM LLC lifted its stake in shares of 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 worth $57,680,000 after buying an additional 274,529 shares in the last quarter. Bogart Wealth LLC boosted its position 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 during the last quarter. Finally, Orgel Wealth Management LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at about $32,268,000.

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.