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) reached a new 52-week high on Monday . The company traded as high as $58.86 and last traded at $58.60, with a volume of 36766 shares changing hands. The stock had previously closed at $58.40.

Franklin U.S. Large Cap Multifactor Index ETF Trading Down 0.4 %

The firm has a fifty day moving average of $57.53 and a two-hundred day moving average of $55.36. The company has a market capitalization of $1.40 billion, a PE ratio of 21.41 and a beta of 1.01.

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

A number of institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at $63,804,000. Cetera Investment Advisers increased its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 98.6% in the first quarter. Cetera Investment Advisers now owns 258,181 shares of the company’s stock valued at $13,748,000 after acquiring an additional 128,148 shares during the period. Cetera Advisors LLC raised its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1,916.6% during the first quarter. Cetera Advisors LLC now owns 89,881 shares of the company’s stock valued at $4,786,000 after acquiring an additional 85,424 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 10.5% during the second quarter. Bank of New York Mellon Corp now owns 803,418 shares of the company’s stock worth $44,654,000 after purchasing an additional 76,590 shares during the period. Finally, Susquehanna International Group LLP grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 51.5% in the second quarter. Susquehanna International Group LLP now owns 85,808 shares of the company’s stock worth $4,769,000 after purchasing an additional 29,162 shares during the last quarter.

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.