Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 1-Year High – Time to Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price reached a new 52-week high on Thursday . The company traded as high as $74.35 and last traded at $74.13, with a volume of 11090 shares trading hands. The stock had previously closed at $74.02.

Franklin U.S. Large Cap Multifactor Index ETF Trading Down 0.1%

The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The stock has a 50-day moving average of $70.20 and a two-hundred day moving average of $69.79.

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

Several hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 8,709,763 shares of the company’s stock worth $596,009,000 after acquiring an additional 118,281 shares in the last quarter. Bank of America Corp DE lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 2,195,606 shares of the company’s stock worth $150,245,000 after acquiring an additional 15,054 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 5.7% in the 4th quarter. Sanctuary Advisors LLC now owns 1,563,500 shares of the company’s stock worth $108,397,000 after acquiring an additional 84,659 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 9.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,166,393 shares of the company’s stock worth $80,866,000 after acquiring an additional 99,657 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,030,589 shares of the company’s stock worth $71,451,000 after acquiring an additional 17,626 shares in 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. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.