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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $55.82 and last traded at $56.08, with a volume of 57844 shares traded. The stock had previously closed at $55.82.

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

The company has a market cap of $679.62 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The stock’s fifty day moving average is $54.30 and its two-hundred day moving average is $52.61.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLQM. Sage Mountain Advisors LLC lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 107.0% in the second quarter. Sage Mountain Advisors LLC now owns 677 shares of the company’s stock valued at $35,000 after purchasing an additional 350 shares in the last quarter. First Heartland Consultants Inc. bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 2nd quarter valued at $220,000. ProVise Management Group LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 2nd quarter worth $283,000. Arkadios Wealth Advisors grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 16.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 6,055 shares of the company’s stock worth $311,000 after acquiring an additional 846 shares in the last quarter. Finally, Strategic Equity Management grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the 2nd quarter. Strategic Equity Management now owns 6,212 shares of the company’s stock worth $319,000 after acquiring an additional 800 shares in 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.