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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $58.24 and last traded at $57.93, with a volume of 1439848 shares. The stock had previously closed at $57.69.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.4 %

The company’s fifty day moving average price is $55.10 and its two-hundred day moving average price is $53.16. The company has a market cap of $698.00 million, a price-to-earnings ratio of 16.96 and a beta of 0.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 11.1% in the 2nd quarter. Private Advisor Group LLC now owns 291,131 shares of the company’s stock valued at $14,932,000 after purchasing an additional 29,121 shares during the period. Redwood Financial Network Corp grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 9.0% in the second quarter. Redwood Financial Network Corp now owns 9,714 shares of the company’s stock valued at $498,000 after purchasing an additional 800 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 12.6% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 16,884 shares of the company’s stock worth $866,000 after buying an additional 1,883 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock valued at $65,350,000 after acquiring an additional 6,823 shares in the last quarter. Finally, CWM LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% in the third quarter. CWM LLC now owns 1,035,544 shares of the company’s stock valued at $57,680,000 after acquiring an additional 274,529 shares during 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.