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 hit a new 52-week high during trading on Monday . The company traded as high as $59.13 and last traded at $58.97, with a volume of 21014 shares changing hands. The stock had previously closed at $58.63.

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

The company has a market capitalization of $1.42 billion, a PE ratio of 21.41 and a beta of 1.01. The company’s 50-day simple moving average is $58.36 and its 200-day simple moving average is $56.23.

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

A number of large investors have recently bought and sold shares of FLQL. Atria Wealth Solutions Inc. raised its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 27.4% during the second quarter. Atria Wealth Solutions Inc. now owns 21,217 shares of the company’s stock worth $1,179,000 after purchasing an additional 4,557 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the second quarter valued at approximately $105,000. Cambridge Investment Research Advisors Inc. grew its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 24.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 82,462 shares of the company’s stock worth $4,583,000 after acquiring an additional 16,270 shares during the period. Christopher J. Hasenberg Inc raised its position in Franklin U.S. Large Cap Multifactor Index ETF by 12.4% in the third quarter. Christopher J. Hasenberg Inc now owns 123,473 shares of the company’s stock worth $7,166,000 after acquiring an additional 13,605 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 10.5% in the second quarter. Bank of New York Mellon Corp now owns 803,418 shares of the company’s stock valued at $44,654,000 after acquiring an additional 76,590 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.