Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 1-Year High – Still a Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.89 and last traded at $60.01, with a volume of 23452 shares. The stock had previously closed at $59.85.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 0.4 %

The company’s 50 day simple moving average is $58.53 and its 200-day simple moving average is $56.39. The firm has a market cap of $1.44 billion, a P/E ratio of 21.41 and a beta of 1.01.

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

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at $34,000. Assetmark Inc. lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after acquiring an additional 510 shares during the period. Cullen Frost Bankers Inc. bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter worth about $105,000. FMR LLC boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% during the third quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after purchasing an additional 948 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in Franklin U.S. Large Cap Multifactor Index ETF by 5.4% during the 3rd quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock valued at $442,000 after acquiring an additional 389 shares in the last quarter.

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.