Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 12-Month High – Should You Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $77.75 and last traded at $77.75, with a volume of 4760 shares traded. The stock had previously closed at $77.15.

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

The company has a market capitalization of $1.88 billion, a PE ratio of 24.11 and a beta of 0.95. The company’s 50-day moving average is $72.27 and its 200 day moving average is $70.86.

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

A number of institutional investors have recently made changes to their positions in the company. Dunhill Financial LLC purchased a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter valued at $39,000. Qube Research & Technologies Ltd bought a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter worth $81,000. Comerica Bank increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 17.9% in the 4th quarter. Comerica Bank now owns 1,650 shares of the company’s stock worth $114,000 after purchasing an additional 250 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the fourth quarter worth $115,000.

About Franklin U.S. Large Cap Multifactor Index ETF

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.