Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 12-Month High – What’s Next?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $75.65 and last traded at $75.47, with a volume of 3310 shares changing hands. The stock had previously closed at $74.22.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 1.0%

The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The stock’s 50 day moving average price is $70.64 and its two-hundred day moving average price is $70.11.

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

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 1,094,134 shares of the company’s stock worth $74,007,000 after acquiring an additional 63,545 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.1% in the first quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock worth $113,314,000 after acquiring an additional 111,752 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the first quarter worth $189,000. Private Advisor Group LLC increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 8.8% in the first quarter. Private Advisor Group LLC now owns 3,927 shares of the company’s stock worth $266,000 after acquiring an additional 319 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 12.8% in the first quarter. Janney Montgomery Scott LLC now owns 448,344 shares of the company’s stock worth $30,326,000 after acquiring an additional 50,907 shares during 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. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.