Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 12-Month High – Here’s Why

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $78.56 and last traded at $78.51, with a volume of 970 shares. The stock had previously closed at $77.35.

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

The firm has a market cap of $1.90 billion, a P/E ratio of 24.11 and a beta of 0.95. The company’s 50-day moving average is $75.28 and its two-hundred day moving average is $71.88.

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

Large investors have recently bought and sold shares of the company. Dunhill Financial LLC acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the third quarter worth about $34,000. Wilmington Savings Fund Society FSB acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the third quarter worth about $39,000. Qube Research & Technologies Ltd acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the second quarter worth about $81,000. Comerica Bank grew its stake in Franklin U.S. Large Cap Multifactor Index ETF by 17.9% during the fourth quarter. Comerica Bank now owns 1,650 shares of the company’s stock worth $114,000 after buying an additional 250 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the fourth quarter worth about $115,000.

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

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.