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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price reached a new 52-week high on Thursday . The company traded as high as $59.61 and last traded at $59.48, with a volume of 29450 shares changing hands. The stock had previously closed at $58.39.

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

The stock has a market capitalization of $1.42 billion, a P/E ratio of 21.41 and a beta of 1.01. The stock has a fifty day moving average price of $59.79 and a 200 day moving average price of $57.86.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FLQL. Sanctuary Advisors LLC increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,400,273 shares of the company’s stock worth $83,806,000 after acquiring an additional 157,016 shares during the period. World Investment Advisors LLC purchased a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter valued at $45,415,000. JPMorgan Chase & Co. increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 15.8% in the third quarter. JPMorgan Chase & Co. now owns 262,473 shares of the company’s stock worth $15,263,000 after purchasing an additional 35,715 shares during the period. Atria Investments Inc raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 4.8% in the third quarter. Atria Investments Inc now owns 234,301 shares of the company’s stock worth $13,625,000 after buying an additional 10,728 shares in the last quarter. Finally, Brookstone Capital Management grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 0.7% during the fourth quarter. Brookstone Capital Management now owns 137,846 shares of the company’s stock worth $8,083,000 after buying an additional 1,020 shares in the last quarter.

About Franklin U.S. Large Cap Multifactor Index ETF

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.