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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.61 and last traded at $60.64, with a volume of 29450 shares changing hands. The stock had previously closed at $58.39.

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

The stock’s 50-day moving average price is $59.77 and its 200-day moving average price is $57.95. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.41 and a beta of 1.01.

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

Institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP increased its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 51.5% in the second quarter. Susquehanna International Group LLP now owns 85,808 shares of the company’s stock valued at $4,769,000 after buying an additional 29,162 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at about $63,804,000. Park Avenue Securities LLC raised its position in Franklin U.S. Large Cap Multifactor Index ETF by 5.4% during the third quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock worth $442,000 after acquiring an additional 389 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 2.3% in the third quarter. Brookstone Capital Management now owns 136,826 shares of the company’s stock valued at $7,956,000 after purchasing an additional 3,106 shares in the last quarter. Finally, CWM LLC grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 503.5% in the third quarter. CWM LLC now owns 20,011 shares of the company’s stock valued at $1,164,000 after purchasing an additional 16,695 shares during 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.