Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 12-Month High – What’s Next?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price hit 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 Up 1.4 %

The company’s fifty day moving average is $55.79 and its 200-day moving average is $53.60. The firm has a market capitalization of $708.66 million, a P/E ratio of 16.96 and a beta of 0.90.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Institutional investors have recently made changes to their positions in the business. Sage Mountain Advisors LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% in the 2nd quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock valued at $35,000 after buying an additional 350 shares during the last quarter. Providence Capital Advisors LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $63,000. Aspire Wealth Management Corp boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% in the 3rd quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock valued at $74,000 after purchasing an additional 492 shares during the period. Signaturefd LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at $90,000. Finally, Sanctuary Advisors LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth about $200,000.

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.