Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 1-Year High – Here’s Why

Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) reached a new 52-week high on Monday . The stock traded as high as $55.97 and last traded at $55.17, with a volume of 201584 shares traded. The stock had previously closed at $55.07.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 2.2 %

The stock has a 50 day simple moving average of $55.29 and a 200 day simple moving average of $55.57. The stock has a market cap of $1.45 billion, a P/E ratio of 16.92 and a beta of 1.05.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at about $29,000. National Bank of Canada FI raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 87.6% during the 4th quarter. National Bank of Canada FI now owns 938 shares of the company’s stock worth $51,000 after purchasing an additional 438 shares during the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth approximately $63,000. Aspire Wealth Management Corp lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% in the 3rd quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock worth $74,000 after purchasing an additional 492 shares during the period. Finally, Ancora Advisors LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 59.5% in the 4th quarter. Ancora Advisors LLC now owns 1,680 shares of the company’s stock valued at $91,000 after purchasing an additional 627 shares during the last quarter.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.