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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares reached a new 52-week high on Tuesday . The stock traded as high as $81.55 and last traded at $79.56, with a volume of 7146 shares trading hands. The stock had previously closed at $79.39.

Franklin U.S. Large Cap Multifactor Index ETF Price Performance

The firm’s 50 day moving average price is $77.48 and its 200-day moving average price is $73.96. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95.

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

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 0.7% during the 3rd quarter. Bank of America Corp DE now owns 2,195,606 shares of the company’s stock worth $150,245,000 after purchasing an additional 15,054 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.1% in the first quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock valued at $113,314,000 after buying an additional 111,752 shares during the period. Steward Partners Investment Advisory LLC grew its position in 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 worth $80,866,000 after buying an additional 99,657 shares in the last quarter. Bank of New York Mellon Corp grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 1,094,134 shares of the company’s stock worth $74,007,000 after buying an additional 63,545 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Franklin U.S. Large Cap Multifactor Index ETF by 9.4% during the fourth quarter. LPL Financial LLC now owns 640,271 shares of the company’s stock valued at $44,390,000 after acquiring an additional 55,065 shares during the period.

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.