Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.72 and last traded at $61.72, with a volume of 4193 shares trading hands. The stock had previously closed at $61.04.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.5%
The company has a market cap of $1.88 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The company’s 50-day moving average is $59.40 and its 200 day moving average is $57.61.
Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF
A number of institutional investors have recently modified their holdings of FLQM. Focus Financial Network Inc. raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 2.1% in the 2nd quarter. Focus Financial Network Inc. now owns 53,345 shares of the company’s stock worth $3,088,000 after purchasing an additional 1,117 shares during the period. NewEdge Advisors LLC grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 20.2% in the first quarter. NewEdge Advisors LLC now owns 126,264 shares of the company’s stock valued at $6,936,000 after purchasing an additional 21,252 shares during the period. Access Investment Management LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter valued at approximately $118,000. Royal Bank of Canada increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% in the first quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock valued at $17,729,000 after buying an additional 1,072 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the first quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock valued at $79,902,000 after buying an additional 142,619 shares in 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.
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