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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares hit a new 52-week high during trading on Monday . The stock traded as high as $59.61 and last traded at $60.93, with a volume of 29450 shares traded. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 3.9 %

The company has a 50-day moving average price of $60.26 and a 200-day moving average price of $58.85. 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 Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FLQL. Franklin Resources Inc. increased its position in Franklin U.S. Large Cap Multifactor Index ETF by 16.0% during the fourth quarter. Franklin Resources Inc. now owns 9,516,253 shares of the company’s stock worth $558,033,000 after acquiring an additional 1,309,812 shares during the period. Bank of America Corp DE lifted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.3% in the fourth quarter. Bank of America Corp DE now owns 1,545,882 shares of the company’s stock valued at $90,651,000 after buying an additional 19,661 shares during the period. Sanctuary Advisors LLC grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,444,690 shares of the company’s stock worth $88,010,000 after buying an additional 44,417 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 0.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 886,481 shares of the company’s stock valued at $51,983,000 after acquiring an additional 7,452 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.0% in the 4th quarter. Bank of New York Mellon Corp now owns 867,413 shares of the company’s stock worth $50,865,000 after acquiring an additional 57,011 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.