Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 52-Week High – Still a Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $59.61 and last traded at $56.65, with a volume of 29450 shares trading hands. The stock had previously closed at $58.39.

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

The company has a market capitalization of $1.43 billion, a P/E ratio of 25.02 and a beta of 0.95. The business has a 50 day moving average of $59.91 and a 200-day moving average of $59.14.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 4th quarter valued at approximately $36,000. Assetmark Inc. raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after acquiring an additional 510 shares in the last quarter. FMR LLC raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock worth $235,000 after acquiring an additional 948 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 4th quarter worth approximately $274,000. Finally, NewEdge Advisors LLC raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 3.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,475 shares of the company’s stock worth $380,000 after acquiring an additional 232 shares in the last quarter.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

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.