Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 1-Year High – Here’s What Happened

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.73 and last traded at $59.33, with a volume of 114521 shares traded. The stock had previously closed at $59.03.

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

The firm’s 50 day moving average is $57.16 and its 200 day moving average is $56.99. The stock has a market cap of $1.80 billion, a P/E ratio of 16.69 and a beta of 0.98.

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

A number of large investors have recently made changes to their positions in FLQM. Fifth Third Bancorp acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth $50,000. Comerica Bank acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth about $51,000. Richards Merrill & Peterson Inc. acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth about $52,000. NewEdge Advisors LLC grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after acquiring an additional 326 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock worth $97,000 after acquiring an additional 221 shares during the last quarter.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.