Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 1-Year High – What’s Next?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $59.73 and last traded at $59.33, with a volume of 114521 shares traded. The stock had previously closed at $59.03.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 0.5%

The company’s 50-day moving average is $57.08 and its 200 day moving average is $56.96. The firm has a market cap of $1.82 billion, a PE ratio of 16.69 and a beta of 0.98.

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

Several hedge funds and other institutional investors have recently modified their holdings of FLQM. Ameriprise Financial Inc. raised its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock valued at $143,407,000 after buying an additional 43,120 shares during the period. Raymond James Financial Inc. increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.8% in the fourth quarter. Raymond James Financial Inc. now owns 1,861,769 shares of the company’s stock worth $104,743,000 after acquiring an additional 67,967 shares during the last quarter. Orgel Wealth Management LLC raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.6% during the fourth quarter. Orgel Wealth Management LLC now owns 1,510,839 shares of the company’s stock worth $85,000,000 after acquiring an additional 107,072 shares in the last quarter. Cetera Investment Advisers raised its holdings 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 acquiring an additional 142,619 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 975,462 shares of the company’s stock valued at $55,065,000 after purchasing an additional 160,864 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.