Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 52-Week High at $51.63

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.63 and last traded at $51.13, with a volume of 222578 shares. The stock had previously closed at $52.30.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 2.3 %

The firm has a 50 day moving average of $51.91 and a 200-day moving average of $51.19. The company has a market cap of $615.88 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

A number of institutional investors and hedge funds have recently modified their holdings of FLQM. Sage Mountain Advisors LLC boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% in the second quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock valued at $35,000 after acquiring an additional 350 shares in the last quarter. Principal Securities Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at $37,000. Aspire Private Capital LLC boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 34.4% in the fourth quarter. Aspire Private Capital LLC now owns 1,901 shares of the company’s stock valued at $91,000 after acquiring an additional 487 shares in the last quarter. First Heartland Consultants Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the second quarter valued at $220,000. Finally, Private Trust Co. NA boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 12.3% in the fourth quarter. Private Trust Co. NA now owns 5,209 shares of the company’s stock valued at $251,000 after acquiring an additional 569 shares in the last quarter.

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.