Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 12-Month High – What’s Next?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $59.74 and last traded at $59.74, with a volume of 71248 shares traded. The stock had previously closed at $58.58.

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

The company has a market capitalization of $1.82 billion, a P/E ratio of 16.69 and a beta of 0.98. The business has a 50 day moving average of $57.47 and a 200-day moving average of $57.07.

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

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 23.3% during the fourth quarter. Cetera Investment Advisers now owns 1,311,994 shares of the company’s stock valued at $73,813,000 after buying an additional 247,905 shares during the last quarter. TrustBank bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter worth approximately $10,271,000. Bank of America Corp DE increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after acquiring an additional 177,777 shares during the last quarter. Piedmont Capital Management LLC NC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter worth approximately $9,934,000. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1,269.9% during the 4th quarter. Orion Porfolio Solutions LLC now owns 186,362 shares of the company’s stock worth $10,485,000 after acquiring an additional 172,758 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.