Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 52-Week High – Still a Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $61.29 and last traded at $60.80, with a volume of 39931 shares. The stock had previously closed at $61.21.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 0.8 %

The stock’s 50 day moving average is $59.18 and its 200-day moving average is $56.95. The company has a market cap of $1.46 billion, a PE ratio of 21.41 and a beta of 1.01.

Hedge Funds Weigh In On Franklin U.S. Large Cap Multifactor Index ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.4% during the 3rd quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock valued at $442,000 after purchasing an additional 389 shares during the last quarter. Assetmark Inc. boosted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after acquiring an additional 510 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the second quarter worth about $34,000. Howard Capital Management Inc. increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 3.2% during the second quarter. Howard Capital Management Inc. now owns 29,085 shares of the company’s stock valued at $1,617,000 after acquiring an additional 898 shares in the last quarter. Finally, FMR LLC raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after purchasing an additional 948 shares during the last quarter.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

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.