Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 52-Week High – Here’s Why

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $59.06 and last traded at $58.87, with a volume of 16473 shares changing hands. The stock had previously closed at $59.04.

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

The company has a 50-day moving average of $57.36 and a 200 day moving average of $55.17. The company has a market cap of $1.40 billion, a PE ratio of 21.41 and a beta of 1.01.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the second quarter worth approximately $34,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the second quarter valued at about $105,000. Concurrent Investment Advisors LLC acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the first quarter valued at approximately $202,000. Park Avenue Securities LLC boosted its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.7% in the 1st quarter. Park Avenue Securities LLC now owns 6,767 shares of the company’s stock worth $360,000 after purchasing an additional 367 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 8.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,809 shares of the company’s stock worth $629,000 after acquiring an additional 899 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.