Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 1-Year High – Here’s Why

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during trading on Monday. The stock traded as high as $62.23 and last traded at $62.12, with a volume of 14,575 shares. The stock had previously closed at $61.42.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 1.4%

The company has a fifty day simple moving average of $59.88 and a 200-day simple moving average of $58.18. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.

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

A number of hedge funds have recently bought and sold shares of FLQM. Fifth Third Bancorp bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter worth $50,000. Richards Merrill & Peterson Inc. acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at $55,000. Allworth Financial LP increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 541.1% in the 2nd quarter. Allworth Financial LP now owns 1,122 shares of the company’s stock valued at $65,000 after acquiring an additional 947 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at $88,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 2nd quarter valued at $91,000.

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.