Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 52-Week High – Time to Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $61.72 and last traded at $61.72, with a volume of 4193 shares changing hands. The stock had previously closed at $61.04.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 1.6%

The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The business has a 50 day simple moving average of $59.24 and a 200-day simple moving average of $57.55.

Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Several institutional investors and hedge funds have recently modified their holdings of FLQM. Focus Financial Network Inc. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.1% in the second quarter. Focus Financial Network Inc. now owns 53,345 shares of the company’s stock valued at $3,088,000 after purchasing an additional 1,117 shares during the period. NewEdge Advisors LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 20.2% in the 1st quarter. NewEdge Advisors LLC now owns 126,264 shares of the company’s stock worth $6,936,000 after purchasing an additional 21,252 shares during the last quarter. Access Investment Management LLC acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at about $118,000. Royal Bank of Canada lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% during the first quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock worth $17,729,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% during the first quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock worth $79,902,000 after purchasing an additional 142,619 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.