Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 12-Month High – Time to Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.97 and last traded at $56.72, with a volume of 201584 shares trading hands. The stock had previously closed at $55.07.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 3.0 %

The firm’s fifty day moving average is $56.24 and its 200 day moving average is $54.89. The company has a market cap of $683.51 million, a PE ratio of 16.96 and a beta of 0.90.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Providence Capital Advisors LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at about $63,000. Aspire Wealth Management Corp lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% in the third quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock valued at $74,000 after acquiring an additional 492 shares in the last quarter. Signaturefd LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at approximately $90,000. Sanctuary Advisors LLC acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $200,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth approximately $196,000.

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.