Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 52-Week High – What’s Next?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQLGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $78.82 and last traded at $78.82, with a volume of 34717 shares changing hands. The stock had previously closed at $77.95.

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

The company has a market cap of $1.93 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The company has a fifty day moving average of $77.30 and a two-hundred day moving average of $73.65.

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

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the first quarter worth about $1,365,000. Qube Research & Technologies Ltd bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter valued at approximately $81,000. Bank of America Corp DE boosted its position in Franklin U.S. Large Cap Multifactor Index ETF by 25.4% during the 2nd quarter. Bank of America Corp DE now owns 2,180,552 shares of the company’s stock worth $137,724,000 after buying an additional 441,087 shares during the period. MML Investors Services LLC acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter worth approximately $1,021,000. Finally, Private Advisor Group LLC bought a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter worth approximately $217,000.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

(Get Free Report)

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.

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