Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 12-Month High – Still a Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.61 and last traded at $57.48, with a volume of 29450 shares changing hands. The stock had previously closed at $58.39.

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

The firm has a market cap of $1.44 billion, a PE ratio of 25.02 and a beta of 0.95. The business has a 50-day simple moving average of $60.15 and a 200 day simple moving average of $59.17.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLQL. Assetmark Inc. lifted its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock valued at $59,000 after acquiring an additional 510 shares in the last quarter. Park Avenue Securities LLC raised its position in Franklin U.S. Large Cap Multifactor Index ETF by 2.8% during the fourth quarter. Park Avenue Securities LLC now owns 7,815 shares of the company’s stock valued at $458,000 after purchasing an additional 210 shares during the period. FMR LLC lifted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after purchasing an additional 948 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 15.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 262,473 shares of the company’s stock worth $15,263,000 after purchasing an additional 35,715 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 3.3% during the 4th quarter. D.A. Davidson & CO. now owns 8,016 shares of the company’s stock valued at $470,000 after purchasing an additional 254 shares during the last quarter.

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.