Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 1-Year High – Here’s Why

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares hit a new 52-week high on Monday . The stock traded as high as $59.61 and last traded at $61.33, with a volume of 29450 shares. The stock had previously closed at $58.39.

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

The stock’s 50-day moving average price is $60.10 and its 200-day moving average price is $58.37. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 21.41 and a beta of 1.01.

Institutional Trading of Franklin U.S. Large Cap Multifactor Index ETF

A number of hedge funds have recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the fourth quarter worth approximately $36,000. Assetmark Inc. grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 102.0% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock valued at $59,000 after buying an additional 510 shares during the period. FMR LLC grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% during the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after buying an additional 948 shares during the period. Park Avenue Securities LLC raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.4% in the 3rd quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock worth $442,000 after buying an additional 389 shares during the period. Finally, D.A. Davidson & CO. increased its stake in Franklin U.S. Large Cap Multifactor Index ETF by 3.3% during the fourth quarter. D.A. Davidson & CO. now owns 8,016 shares of the company’s stock worth $470,000 after acquiring an additional 254 shares during 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.