Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 12-Month High – Here’s What Happened

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) hit a new 52-week high during trading on Tuesday . The stock traded as high as $78.82 and last traded at $78.82, with a volume of 34717 shares. The stock had previously closed at $77.95.

Franklin U.S. Large Cap Multifactor Index ETF Stock Down 0.3%

The business’s 50-day moving average price is $77.37 and its 200 day moving average price is $73.77. The company has a market capitalization of $1.92 billion, a P/E ratio of 24.11 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLQL. Bank of America Corp DE lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 25.4% during the second quarter. Bank of America Corp DE now owns 2,180,552 shares of the company’s stock worth $137,724,000 after purchasing an additional 441,087 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 107.6% in the 1st quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock worth $36,978,000 after acquiring an additional 283,316 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.1% during the 1st quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock valued at $113,314,000 after purchasing an additional 111,752 shares during the last quarter. Howard Capital Management Inc. lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 82.6% in the fourth quarter. Howard Capital Management Inc. now owns 228,120 shares of the company’s stock worth $15,816,000 after purchasing an additional 103,215 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 9.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,166,393 shares of the company’s stock valued at $80,866,000 after buying an additional 99,657 shares during 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. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.