Bank of New York Mellon Corp Boosts Stake in Franklin U.S. Large Cap Multifactor Index ETF $FLQL

Bank of New York Mellon Corp increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) by 6.2% during the first quarter, HoldingsChannel.com reports. The fund owned 1,094,134 shares of the company’s stock after buying an additional 63,545 shares during the period. Bank of New York Mellon Corp’s holdings in Franklin U.S. Large Cap Multifactor Index ETF were worth $74,007,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 1st quarter valued at about $1,365,000. Qube Research & Technologies Ltd purchased a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter worth approximately $81,000. Bank of America Corp DE lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 25.4% in the 2nd quarter. Bank of America Corp DE now owns 2,180,552 shares of the company’s stock worth $137,724,000 after purchasing an additional 441,087 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter worth approximately $1,021,000. Finally, Private Advisor Group LLC acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter worth approximately $217,000.

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

FLQL stock opened at $77.73 on Wednesday. The business has a 50 day simple moving average of $77.29 and a 200-day simple moving average of $73.25. The firm has a market capitalization of $1.88 billion, a PE ratio of 24.11 and a beta of 0.95. Franklin U.S. Large Cap Multifactor Index ETF has a 1 year low of $63.30 and a 1 year high of $78.78.

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.