Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 1-Year High – Should You Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) shares reached a new 52-week high on Monday . The stock traded as high as $56.98 and last traded at $56.46, with a volume of 156636 shares traded. The stock had previously closed at $56.43.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 0.1 %

The company’s 50 day moving average price is $55.45 and its two-hundred day moving average price is $53.40. The firm has a market cap of $680.34 million, a PE ratio of 16.96 and a beta of 0.90.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FLQM. Osaic Holdings Inc. grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.0% during the 1st quarter. Osaic Holdings Inc. now owns 217,071 shares of the company’s stock valued at $11,606,000 after acquiring an additional 56,337 shares during the period. Clear Point Advisors Inc. boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.3% in the first quarter. Clear Point Advisors Inc. now owns 12,886 shares of the company’s stock worth $689,000 after purchasing an additional 410 shares during the period. Cetera Investment Advisers bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth approximately $10,548,000. HBW Advisory Services LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter worth $1,000,000. Finally, CWM LLC raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.5% during the 2nd quarter. CWM LLC now owns 761,015 shares of the company’s stock valued at $39,032,000 after purchasing an additional 84,455 shares during the period.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.