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

Shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) hit a new 52-week high during trading on Monday . The company traded as high as $78.56 and last traded at $78.51, with a volume of 970 shares trading hands. The stock had previously closed at $77.35.

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

The company has a market capitalization of $1.91 billion, a PE ratio of 24.11 and a beta of 0.95. The stock’s 50 day moving average is $74.88 and its 200 day moving average is $71.75.

Institutional Trading of Franklin U.S. Large Cap Multifactor Index ETF

A number of institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.1% during the 1st quarter. NewEdge Advisors LLC now owns 15,459 shares of the company’s stock valued at $1,046,000 after buying an additional 166 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 107.6% during the 1st quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock worth $36,978,000 after acquiring an additional 283,316 shares during the period. Royal Bank of Canada increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 18.3% during the 1st quarter. Royal Bank of Canada now owns 16,659 shares of the company’s stock worth $1,127,000 after acquiring an additional 2,578 shares during the period. Cetera Investment Advisers increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 3.9% during the 1st quarter. Cetera Investment Advisers now owns 561,524 shares of the company’s stock worth $37,981,000 after acquiring an additional 21,290 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 6.2% during the 1st 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 period.

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. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.