Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 52-Week High – What’s Next?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $77.75 and last traded at $77.75, with a volume of 4760 shares. The stock had previously closed at $77.15.

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

The firm has a market capitalization of $1.89 billion, a PE ratio of 24.11 and a beta of 0.95. The company’s 50 day simple moving average is $72.62 and its 200-day simple moving average is $70.99.

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

Several institutional investors and hedge funds have recently bought and sold shares of FLQL. Jane Street Group LLC purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the 1st quarter worth approximately $1,365,000. Qube Research & Technologies Ltd purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter worth approximately $81,000. Bank of America Corp DE lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 25.4% in the 2nd quarter. Bank of America Corp DE now owns 2,180,552 shares of the company’s stock worth $137,724,000 after purchasing an additional 441,087 shares in the last quarter. MML Investors Services LLC purchased a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at $1,021,000. Finally, Cornerstone Wealth Management LLC raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 11.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 91,677 shares of the company’s stock valued at $6,273,000 after buying an additional 9,372 shares in 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. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.