Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 12-Month 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 Tuesday . The stock traded as high as $55.97 and last traded at $56.60, with a volume of 201584 shares changing hands. The stock had previously closed at $55.07.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance

The company’s 50 day moving average price is $56.19 and its 200 day moving average price is $55.05. The company has a market cap of $681.97 million, a price-to-earnings ratio of 16.96 and a beta of 0.90.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. HBW Advisory Services LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.0% in the 3rd quarter. HBW Advisory Services LLC now owns 19,893 shares of the company’s stock valued at $1,108,000 after purchasing an additional 393 shares in the last quarter. Aspire Wealth Management Corp boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% in the 3rd quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock valued at $74,000 after purchasing an additional 492 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 8.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,238 shares of the company’s stock worth $570,000 after buying an additional 800 shares in the last quarter. Thomasville National Bank lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 0.9% during the 4th quarter. Thomasville National Bank now owns 92,416 shares of the company’s stock worth $5,019,000 after buying an additional 861 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 8.2% during the 3rd quarter. Franklin Resources Inc. now owns 14,084 shares of the company’s stock worth $790,000 after buying an additional 1,066 shares in 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.