Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 12-Month High – What’s Next?

Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $59.74 and last traded at $59.74, with a volume of 71248 shares changing hands. The stock had previously closed at $58.58.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 2.0%

The firm’s fifty day moving average is $57.34 and its 200-day moving average is $57.03. The stock has a market capitalization of $1.83 billion, a P/E ratio of 16.69 and a beta of 0.98.

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

Large investors have recently bought and sold shares of the company. Leo Wealth LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter valued at approximately $1,025,000. KPP Advisory Services LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 15.7% in the fourth quarter. KPP Advisory Services LLC now owns 94,187 shares of the company’s stock worth $5,299,000 after purchasing an additional 12,811 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.0% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 194,888 shares of the company’s stock valued at $10,964,000 after purchasing an additional 12,690 shares during the last quarter. Eagle Wealth Strategies LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 7.3% in the fourth quarter. Eagle Wealth Strategies LLC now owns 418,739 shares of the company’s stock valued at $23,558,000 after acquiring an additional 28,438 shares during the period. Finally, Integrity Financial Corp WA boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.5% during the 4th quarter. Integrity Financial Corp WA now owns 153,724 shares of the company’s stock worth $8,649,000 after acquiring an additional 10,775 shares during 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.