Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 1-Year High – Should You Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) shares reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $62.20 and last traded at $62.18, with a volume of 68,745 shares. The stock had previously closed at $60.99.

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

The firm’s 50-day moving average is $59.84 and its 200 day moving average is $58.52. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.

Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock worth $79,902,000 after buying an additional 142,619 shares during the period. Harbor Group Inc. grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the third quarter. Harbor Group Inc. now owns 961,646 shares of the company’s stock valued at $55,237,000 after acquiring an additional 16,330 shares during the period. Royal Bank of Canada increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% during the first quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock worth $17,729,000 after acquiring an additional 1,072 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 288,323 shares of the company’s stock worth $16,690,000 after acquiring an additional 16,368 shares during the last quarter. Finally, Sherrill & Hutchins Financial Advisory Inc increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.4% during the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 247,178 shares of the company’s stock worth $14,198,000 after acquiring an additional 993 shares during the last quarter.

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

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.