Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 12-Month High – Time to Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.70 and last traded at $58.55, with a volume of 20518 shares changing hands. The stock had previously closed at $57.78.

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

The business has a 50-day simple moving average of $56.81 and a 200 day simple moving average of $56.86. The firm has a market cap of $1.77 billion, a P/E ratio of 16.69 and a beta of 0.98.

Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

A number of large investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 20.2% during the first quarter. NewEdge Advisors LLC now owns 126,264 shares of the company’s stock valued at $6,936,000 after buying an additional 21,252 shares during the period. Access Investment Management LLC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter valued at approximately $118,000. Royal Bank of Canada boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% during the 1st quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock valued at $17,729,000 after acquiring an additional 1,072 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% during the 1st quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock worth $79,902,000 after acquiring an additional 142,619 shares during the period. Finally, Pacific Sun Financial Corp grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 4.5% during the 1st quarter. Pacific Sun Financial Corp now owns 7,447 shares of the company’s stock worth $409,000 after acquiring an additional 320 shares during the period.

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.