Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 12-Month High – Still a Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $74.35 and last traded at $74.13, with a volume of 11090 shares changing hands. The stock had previously closed at $74.02.

Franklin U.S. Large Cap Multifactor Index ETF Stock Down 0.1%

The company has a market cap of $1.79 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The business has a fifty day simple moving average of $70.20 and a 200 day simple moving average of $69.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atria Investments Inc raised its stake in Franklin U.S. Large Cap Multifactor Index ETF by 91.9% in the 3rd quarter. Atria Investments Inc now owns 46,645 shares of the company’s stock valued at $3,192,000 after purchasing an additional 22,335 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 125.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 15,177 shares of the company’s stock worth $1,052,000 after purchasing an additional 8,439 shares during the period. CWM LLC grew its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 44.0% during the 3rd quarter. CWM LLC now owns 51,678 shares of the company’s stock worth $3,536,000 after purchasing an additional 15,783 shares during the period. MGO One Seven LLC purchased a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter worth approximately $661,000. Finally, JPMorgan Chase & Co. boosted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 378,301 shares of the company’s stock worth $25,887,000 after acquiring an additional 16,967 shares during the period.

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. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.