Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 1-Year High – Here’s Why

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQLGet Free Report) hit a new 52-week high on Monday . The company traded as high as $59.61 and last traded at $60.93, with a volume of 29450 shares. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Trading Up 3.3 %

The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 21.41 and a beta of 1.01. The company has a 50 day simple moving average of $60.25 and a 200-day simple moving average of $58.98.

Institutional Investors Weigh In On Franklin U.S. Large Cap Multifactor Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Leigh Baldwin & CO. LLC acquired a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 4th quarter worth approximately $274,000. Cetera Investment Advisers boosted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 10.7% during the fourth quarter. Cetera Investment Advisers now owns 270,704 shares of the company’s stock worth $15,874,000 after purchasing an additional 26,159 shares during the last quarter. Bank of America Corp DE grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 1.3% in the fourth quarter. Bank of America Corp DE now owns 1,545,882 shares of the company’s stock valued at $90,651,000 after purchasing an additional 19,661 shares in the last quarter. Stifel Financial Corp increased its stake in Franklin U.S. Large Cap Multifactor Index ETF by 3.6% in the 4th quarter. Stifel Financial Corp now owns 56,902 shares of the company’s stock valued at $3,337,000 after buying an additional 1,971 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Franklin U.S. Large Cap Multifactor Index ETF by 3.7% during the 4th quarter. NewEdge Advisors LLC now owns 6,475 shares of the company’s stock worth $380,000 after buying an additional 232 shares in the last quarter.

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.

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