Park Avenue Securities LLC Makes New $888,000 Investment in Franklin U.S. Large Cap Multifactor Index ETF $FLQL

Park Avenue Securities LLC acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,327 shares of the company’s stock, valued at approximately $888,000.

A number of other hedge funds have also recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter worth about $41,000. Integrated Wealth Concepts LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter valued at about $61,000. Fifth Third Bancorp acquired a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 1st quarter valued at about $189,000. Private Advisor Group LLC boosted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 8.8% during the 1st quarter. Private Advisor Group LLC now owns 3,927 shares of the company’s stock valued at $266,000 after purchasing an additional 319 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter valued at about $281,000.

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

Shares of FLQL opened at $76.12 on Wednesday. The stock has a 50 day moving average price of $78.44 and a two-hundred day moving average price of $75.27. The firm has a market capitalization of $1.85 billion, a P/E ratio of 24.11 and a beta of 0.95. Franklin U.S. Large Cap Multifactor Index ETF has a 52 week low of $65.30 and a 52 week high of $81.55.

Franklin U.S. Large Cap Multifactor Index ETF 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. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.