Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 1-Year High – Should You Buy?

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 $60.36 and last traded at $60.36, with a volume of 1444 shares trading hands. The stock had previously closed at $59.25.

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

The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The firm’s 50-day moving average is $57.89 and its 200 day moving average is $57.17.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Great Valley Advisor Group Inc. increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.0% during the 4th quarter. Great Valley Advisor Group Inc. now owns 17,726 shares of the company’s stock valued at $997,000 after purchasing an additional 177 shares during the period. Beaumont Financial Advisors LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 16,673 shares of the company’s stock worth $938,000 after purchasing an additional 214 shares during the period. Pinnacle Financial Partners Inc. lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.6% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 8,835 shares of the company’s stock worth $499,000 after purchasing an additional 220 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock valued at $97,000 after purchasing an additional 221 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 14,585 shares of the company’s stock valued at $821,000 after purchasing an additional 275 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.